Singapore-based Temasek is set to take majority control in Bengaluru-based Manipal Health Enterprises following the acquisition of an additional 41% stake in the hospital chain. According to a joint statement issued by...
Manipal Hospitals closes in on KIMS Health
Manipal Hospitals, backed by Singapore state investor Temasek, is close to acquiring Kerala-based hospital chain KIMS Health for ₹3,500-4,000 crore, two people familiar with the development said. Manipal intends to buy...
Singapore’s Temasek buys majority stake in Manipal Hospitals for $2 billion
Singapore government-owned fund Temasek Holdings has acquired India’s leading hospital chain Manipal Health Enterprises by owning about 59% stake. Temasek-owned Sheares Health, which held 18% stake in Manipal, has...
CVC, Advent, Bain in race to buy Porus Labs for about ₹2,500 cr
CVC Capital, Advent International and Bain Capital, among others have evinced interest in acquiring Porus Laboratories, said two people in the know. Although formal bids will be placed in April, Porus Laboratories is...
Australia’s HMC Capital to buy hospitals from U.S. firm for $802 mln
Australian asset manager HMC Capital Ltd said on Thursday it will buy 11 private hospitals from U.S.-based Medical Properties Trust for A$1.20 billion ($802.08 million). The hospitals are currently managed by Brookfield...
Manipal to buy AMRI Hospitals for Rs 2,400 crore
After prolonged negotiations and court battles, Manipal Health Enterprises has acquired Kolkata-based AMRI (Advanced Medical Research Institute) Hospitals in a deal worth ₹2,400 crore, said two people aware of the...
Thermo Fisher, Celltrion vie for Baxter’s biopharma unit -sources
U.S. scientific instruments maker Thermo Fisher Scientific Inc and South Korea’s Celltrion Inc are among those competing to acquire the biopharma solutions business of medical device maker Baxter International...
Australian Clinical Labs offers to buy Healius for $1 billion
Australian Clinical Labs offered to acquire Healius through an all-share takeover, valuing the medical center operator at A$1.52 billion ($1.02 billion). One of the country’s largest pathology providers said it...
Appasamy owners look to sell controlling stake
Promoters of Appasamy Associates plan to sell a controlling stake in the Chennai-based medical equipment manufacturing company, and are in initial talks with private equity investors, two people aware of the development...
Max, KKR in talks with TPG to buy Care Hospitals
Max Healthcare Institute and KKR & Co have initiated separate discussions with TPG to buy Care Hospitals after earlier frontrunner Blackstone pulled out due to a valuation mismatch, said people with knowledge of the...
WeightWatchers to buy Sequence telehealth, enter obesity drug prescription business
WW International Inc, known as WeightWatchers, said it is acquiring subscription telehealth platform Sequence, moving the weight-loss program operator into the obesity drug prescription business. WeighWatchers said it...
Aster DM Healthcare shortlists two bidders for stake in Gulf business – sources
Dubai-based Aster DM Healthcare is looking to sell a majority stake in its Gulf-based business and has short-listed buyers for the sale, two sources with direct knowledge of the matter told Reuters. Aster, which...
