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...
Everstone Capital acquires controlling stake in Softgel Healthcare
Everstone Capital, the private equity arm of Everstone Group, has acquired a controlling stake in Softgel Healthcare (SHPL), a manufacturer focused on nutraceutical, pharmaceutical and OTC or over-the- counter segments...
Second largest hospital buyout in India: Blackstone, CVC, Temasek & Max eye Care Hospitals
A handful of strategic and private equity investors including Blackstone, CVC Capital, Temasek and Max Healthcare are vying to acquire Care Hospitals from Evercare, a wholly owned entity of TPG Growth, said people with...
TPG to sell Manipal Health stake, promoter buyback plan fails
Private equity firm TPG has approached investors to sell its stake in Bengaluru-based Manipal Health Enterprises Ltd, after a proposed promoter buyback of TPG’s stake in the hospital chain stalled, three people with...
Paras Healthcare ties up with Fujifilm for providing medical equipment at its J&K hospitals
Multispecialty hospital chain Paras Healthcare on Sunday said it has signed an agreement with Fujifilm India for bringing the latest diagnostic technologies in Jammu and Kashmir. “As part of the partnership...
European Union blocks merger of US firms in cancer screening sector
The European Union’s anti-trust watchdog announced that it is blocking the buyout of cancer-screening company GRAIL by biotech giant Illumina in a rare move by European regulators against two US companies...
CVS to buy Signify Health in $8 bln deal
CVS Health Corp on Monday agreed to buy home healthcare services company Signify Health for about $8 billion in cash, a move that will enable one of the largest U.S. healthcare companies to provide further care...
