Billionaire Gautam Adani and Apollo Hospitals Enterprise Ltd, the country’s biggest operator of hospitals, are evaluating bids to pick up a majority stake in diagnostic chain Metropolis Healthcare Ltd, two people...
Tata Capital Growth Fund picks up minority stake in Aarthi Scans
Mid-market private equity fund Tata Capital Growth Fund has picked up a minority stake in Chennai-headquartered diagnostics services provider Aarthi Scans & Labs for an undisclosed sum, a release said today. The 22...
Private equity owners pull Medall Healthcare out of insolvency
Private equity (PE) owners have pulled medical diagnostics chain Medall Healthcare out of insolvency proceedings after they settled a dispute with one of the company’s creditors over non-payment of dues of ₹3...
CCI clears merger of Biocon, Serum Institute subsidiaries
The Competition Commission of India (CCI) said on Thursday it has approved the merger of two subsidiaries of Biocon Ltd. and Serum Institute Life Sciences that was announced by the companies last September. CCI said the...
Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent
Goldman Sachs is in advanced talks to invest about $350 million (Rs 2,700 crore) in API Holdings Ltd, the parent of online pharmacy PharmEasy, in a structured debt transaction, people in the know said. The debt will...
Honasa Consumer acquires majority stake in skincare brand Dr. Sheth’s
Honasa Consumer Pvt Ltd (HCPL), the company which owns new age FMCG brands such as Mamaearth and The Derma Co, on Monday said it has acquired a majority stake in skincare brand Dr. Sheth’s at a valuation of Rs 28...
Eye care chain Dr Agarwal’s raises Rs 1,050 cr from TPG Growth, Temasek
Dr. Agarwal’s Health Care that operates a chain of eye hospitals on Tuesday said it has raised 1050 crore funding from the US-based private equity firm TPG Growth and existing Singapore based investor Temasek. The...
Centene to divest two pharmacy businesses for $2.8 bln after legal woes
Centene Corp said it has agreed to divest two of its pharmacy businesses for about $2.8 billion, in line with the heath insurer’s strategy to exit the pharmacy benefit management space. In 2021, Centene had to...
Global buyout funds in the fray to buy into ASG Eye Hospitals
Top buyout funds General Atlantic, TA Associates and KKR are the contenders to acquire a significant stake in ASG Eye Hospitals, the largest eye care hospital chain in India, two people aware of the development told ET...
Eris Lifesciences Steps In Dermatology Therapy Biz, To Buy Oaknet Healthcare For ₹650 Cr
Eris Lifesciences has stepped into the dermatology therapy business through its acquisition of a 100% stake in Mumbai-based dermatology-focused domestic formulations company Oaknet Healthcare. The transaction values to...
Bain & Able: PE edges past rivals for CitiusTech stake
Bain Capital has pipped private equity rival Apax Partners and Fujitsu of Japan to emerge as the frontrunner to buy a 40% stake in CitiusTech for $960 million to $1 billion, as Baring Private Equity Asia (BPEA) is...
Tata Capital’s Fund Keen On Aarthi Stake
The healthcare fund of private equity firm Tata Capital Ltd is in talks to invest in a Chennai-based diagnostics company as it seeks to boost its exposure to the sector, a person familiar with the development said. Tata...
