Merck & Co Inc said it will acquire cancer drug developer Imago BioSciences Inc for a total equity value of $1.35 billion to expand its portfolio of blood disorder treatments. The offer of $36 per share in cash for...
Sebi advices IHH Healthcare to proceed with open offer to acquire stake in Fortis after Delhi HC’s order
Sebi advised Malaysia’s IHH Healthcare to go ahead with its open offer to acquire 26.1 per cent market share in Fortis Healthcare after obtaining order from the Delhi High Court, the company stated. In November...
Bessemer Ventures-backed Medi Assist acquires UK-based Mayfair
Bessemer Ventures-backed Medi Assist Healthcare Services Ltd. has acquired a majority stake in Mayfair We Care (Mayfair), a UK-based healthcare-focused administration service provider, for an undisclosed cash deal. The...
Aakash Health buys Tashkent hospital
New Delhi-based Aakash Healthcare Pvt. Ltd on Wednesday said it has acquired Asia Med Centre in Uzbekistan’s Tashkent for $4 million. The upgraded 60-bedded multi-speciality hospital will be opened to the public on 23...
Carlyle seeks to line up bid for urgent care provider Heritage – sources
Carlyle Group Inc is in talks about putting together an acquisition offer for Heritage Provider Network Inc (HPN), a U.S. urgent care group that has been exploring a sale at a valuation of between $8 billion to $10...
HCAH acquires RPG-owned e-commerce platform Seniority catering to elderly
Out-of-hospital care provider HCAH said it has acquired the online store Seniority from RPG Group. Seniority is India’s largest e-commerce store catering to the needs of elderly people. HCAH didn’t disclose...
Piramal Enterprises to raise up to ₹650 cr through NCDs
Piramal Enterprises said its board has approved raising of up to ₹650 crore by issuing non-convertible debentures. The size of the issue is up to ₹50 crore with an option to retain over subscription of up to ₹600 crore...
Viatris buys Taparias’ eyecare business for Rs 2,460 crore
Viatris Inc. (formerly Mylan Labs) has agreed to acquire Famy Life Sciences – the eyecare (ophthalmology) business of Taparia family for a total cash payout of around Rs 2,460 crore ($300 million). The Taparia...
Shilpa Medicare plans API biz stake sale
Shilpa Medicare plans to sell a stake in its API (active pharmaceutical ingredient) business, its high-revenue generating unit that was spun off into a separate entity this July, said two people aware of the matter. The...
Viatris to sell Famy Care, prepares to exit non-core biz
US healthcare company Viatris Inc. has put its India-focussed women’s healthcare business Famy Care Pvt. Ltd for sale as part of its global strategy to divest non-core businesses, three people familiar with the...
Blackstone, Temasek’s Sheares lead race for Care Hospitals
Blackstone, the world’s largest private equity group, and Temasek’s Singapore platform Sheares Healthcare have emerged as top contenders for buying Care Hospitals, said multiple sources aware of the...
KKR, Temasek eye stakes in Manipal Health
KKR and Co. and Temasek are in separate advanced talks with TPG and National Investment and Infrastructure Fund (NIIF) to buy out their stakes in Ranjan Pai-controlled hospital chain, Manipal Health Enterprises Pvt...
