Singapore’s Temasek Holdings is close to buying Peak XV’s 18-20% stake in Bengaluru-based Cloudnine Hospitals for around $125 million, three people aware of the development said. The deal, which has been in...
Zydus Board approves business transfer agreement for acquisition of API biz of Sterling Biotech
At meeting held on 17 September 2024 The Board of Zydus Lifesciences at its meeting held on 17 September 2024 has approved a Business Transfer Agreement (BTA) to purchase the API business (the Target Business) of...
Philip Morris to sell Vectura for $198 mln after health shift criticism
Philip Morris International’s Vectura Fertin Pharma said on Tuesday it would sell its asthma inhaler maker Vectura Group to Molex Asia Holdings for 150 million pounds ($198 million). Marlboro maker PMI bought...
Max Healthcare acquires Jaypee Healthcare under IBC
Max Healthcare said it has entered into a strategic agreement with Lakshdeep Group to acquire controlling stake in Jaypee Healthcare which is undergoing Corporate Insolvency Resolution Process (CIRP). The acquisition is...
Fortis seeks CCI nod to buy 31.52% more in diagnostics subsidiary Agilus
Fortis Healthcare has sought the Competition Commission of India’s approval for its proposed acquisition of another 31.52% stake in its diagnostics arm, Agilus, from private equity players. In its application to...
EQT to acquire ChrysCap-owned healthcare BPO GeBBS
Swedish Private Equity fund EQT has signed an agreement with homegrown PE fund ChrysCapital to acquire GeBBS Healthcare Solutions, a leading provider of revenue cycle management (RCM) services and risk adjustment...
EQT set to acquire BPO GeBBS from ChrysCapital
Swedish private equity fund EQT is set to acquire Los Angeles-based healthcare BPO company GeBBS Healthcare Solutions, outbidding Hillhouse Investment by a whisker after intense negotiations that lasted for over a week...
Belgium’s UCB to sell China neurology, allergy business for $680 mln
UCB, a Belgian biopharmaceutical firm, said on Monday it would sell its Chinese neurology and allergy business to Singapore-based asset management group CBC and Abu Dhabi sovereign investor Mubadala for $680 million...
Novartis receives binding offer from Siemens Healthineers for molecular imaging business
Swiss drugmaker Novartis said on Saturday it had received a binding offer from Germany’s Siemens Healthineers to acquire its molecular imaging business for Fluorine-18 positron emission tomography, or PET scans...
Birla Fertility acquires IVF chain BabyScience in ₹500-crore push for 100 clinics by FY28
Birla Fertility & IVF has completed the acquisition of BabyScience IVF Clinics, founder Avanti Birla told Mint. The acquisition, its second in three months, will strengthen the company’s presence in the western part...
Evolent Health in sale talks after receiving takeover interest, sources say
Evolent Health is in talks with private equity firms and healthcare services providers for a potential sale, in a process that kicked off after it received takeover interest, people familiar with the matter said on...
Swedish firm Getinge to buy Paragonix Technologies for about $477 mln
Swedish medical equipment maker Getinge said on Thursday it will acquire U.S.-based organ transport company Paragonix Technologies for about $477 million. Getinge will acquire all the issued and outstanding shares of...
