Eli Lilly and Co will acquire genetic medicine developer Akouos Inc for about $487 million in cash as the drugmaker aims to bolster its arsenal of gene therapies that target a range of disabilities. Shares of Akouos...
Johnson & Johnson sells its largest India plant as demand weakens
Johnson & Johnson (J&J), which is struggling with slowdown of demand for its consumer products in India, sold its largest manufacturing plant in the country – at Penjerla in Telangana – to Hetero on...
Diagnostics firm Bio-Rad in talks to merge with Qiagen – WSJ
California-based diagnostics company Bio-Rad Laboratories is in talks to merge with Qiagen NV, the Wall Street Journal reported on Monday, citing people familiar with the matter. Talks between the two companies have...
Apollo Hospitals acquires 60% stake in Ayurveda hospital chain AyurVAID
Apollo Hospitals Enterprise Ltd on Wednesday said it has acquired a 60 per cent stake in leading classical Ayurveda hospital chain AyurVAID for a consideration of Rs 26.4 crore. The investment will be used to upgrade...
Apollo Hospitals acquires 60% stake in AyurVAID for Rs 26.4 crore
Apollo Hospitals Enterprise Ltd acquired a 60 per cent stake in an Ayurveda hospital chain called AyurVAID for a consideration of Rs 26.4 crore, stated a press release. As per the regulatory filing by Apollo group, the...
UnitedHealth unit completes acquisition of Change Healthcare
UnitedHealth Group said its health services unit has completed the acquisition of Change Healthcare, ending more than a year of uncertainty due to anti-competitive concerns. The deal’s completion follows a U.S...
Myovant Sciences rejects $2.5 billion takeover bid from Sumitovant, Sumitomo Pharma
Myovant Sciences Ltd said it rejected a $2.5 billion takeover offer from Sumitovant Biopharma and its parent group Sumitomo Pharma Co Ltd as the bid “significantly undervalues” the U.S. drugmaker...
Molbio Diagnostics raises $85 mn from Temasek at unicorn valuation
Singapore-based investment firm Temasek has invested $85 million (around ₹680 crore) in Goa-based diagnostics chain, Molbio Diagnostics Pvt. Ltd. The company will be valued at $1.6 billion post the round, said a person...
Indira IVF in discussions for acquisitions in Tamil Nadu and Kerala
Indira IVF, India’s largest fertility clinic chain, said it is in discussions to acquire multi-centre IVF (in vitro fertilisation) clinics in Tamil Nadu and Kerala, spending between ₹100-200 crore, to strengthen...
Motherhood Hospitals acquires Bengaluru-based Femiint Hospital
Asia Healthcare Holdings (AHH) owned maternity and pediatrics Motherhood Hospitals, on Wednesday said it has acquired Bengaluru-based Femiint Hospitals. The company didn’t disclose the financial details of the...
KKR, Baring, Temasek vie for Manipal stake
Buyout giants such as KKR & Co, Baring Private Equity Asia and Singaporean sovereign fund Temasek Holdings, an existing investor, are in talks to buy a 21.5% stake in Manipal Hospitals. Existing investor TPG Capital...
Manipal may acquire AMRI hospital chain
Manipal Group is in advanced talks with Emami Group to buy the latter’s AMRI hospital chain at an enterprise value of around ₹1,500 crore, two people aware of the talks said, adding that a deal is likely to be announced...
