Cancer treatment company GenesisCare filed for U.S. bankruptcy protection in Texas on Thursday, seeking to sell its U.S. business and refocus on its operations in Australia, Spain and the U.K. GenesisCare, based in...
Johnson Matthey plans to sell medical device unit – Bloomberg News
British autocatalyst maker Johnson Matthey is planning to sell its medical device components business as the company looks to streamline its portfolio of assets, Bloomberg News reported on Wednesday. The sale could...
MedGenome, backed by Sequoia Capital, acquires Delhi-NCR based Prognosis Laboratories
MedGenome acquired Delhi-NCR-based diagnostic lab Prognosis Laboratories. The financial details of the acquisition were not disclosed. The acquisition will help Bengaluru-based MedGenome to accelerate growth and...
Boyu, Hillhouse, others vie for HK-based medical device firm Quasar -sources
Private equity firms Boyu Capital, Hillhouse Capital and BPEA EQT are among bidders vying for Longreach Group’s Hong Kong-based medical device maker Quasar, three people with knowledge of the matter said...
Sequoia weighs La Renon Healthcare exit
Sequoia Capital is weighing an exit from Ahmedabad-based La Renon Healthcare at a valuation of $1 billion, according to sources in the know. Plans are still on the drawing board and the storied Silicon Valley venture...
FTC to block Amgen’s $27.8 billion deal for Horizon Therapeutics – source
The U.S. Federal Trade Commission is expected to file a lawsuit as early as Tuesday to block Amgen Inc’s $27.8 billion deal to buy Horizon Therapeutics PLC, a person familiar with the matter told Reuters. Amgen...
GSK sells $1 bln discounted stake in spin-off Haleon
British drugmaker GSK sold 240 million shares in its consumer healthcare business Haleon at 335 pence per share, raising about 804 million pounds ($1 billion), the company said. Haleon, the world’s biggest...
Investment consortium nears $7 bln-plus deal for Syneos Health – sources
A consortium comprising Elliott Investment Management, Patient Square Capital and Veritas Capital is nearing a deal to acquire Syneos Health Inc, a provider of clinical research to drug developers, for more than $7...
Global funds keen to buy fertility chain Indira IVF
About half a dozen global buyout funds have evinced interest in acquiring India’s largest fertility clinic chain Indira IVF, said people aware of the matter. Blackstone, Baring PE Asia EQT, Warburg Pincus, Bain...
Zydus Group looks to sell clinical research business
Zydus Group is exploring the sale of its clinical research business, Cliantha Research Ltd, in a deal that could potentially fetch more than $200 million, three people familiar with the development said. The Zydus...
Care Hospitals buyout lands up in Bombay High Court; Max Healthcare sues TPG: Report
Max Healthcare Institute is reported to have filed a suit in the Bombay High Court against private equity firm TPG after the owners of Care Hospitals neglected Max’s bid to favour an offer by the world’s...
Australia’s Sonic Healthcare to buy Germany’s Medical Laboratories Duesseldorf
Australia’s Sonic Healthcare Ltd said it has entered into a binding deal to acquire Medical Laboratories Duesseldorf (MLD), a clinical laboratory chain in Germany, for 180 million euros ($197.59 million) to beef...
