Johnson & Johnson said on Tuesday it would buy privately held V-Wave for up to $1.7 billion, the healthcare conglomerate’s second deal this year aimed at boosting its presence in the market for heart disease...
Operation buyout: KKR, TPG, and other PE firms eye purchase of India’s largest cardiac stent maker SMT
KKR, TPG Capital and Apax Partners are among private equity firms that are evaluating a purchase of India’s largest cardiac stent maker Sahajanand Medical Technologies (SMT), valuing the company at about ₹ 3,500...
Botox rival Revance to go private in $924 million deal
Anti-wrinkle injection maker Revance Therapeutics has agreed to be bought by privately held Crown Laboratories in a deal valued at $924 million, including debt, seeking scale to compete better with rivals in the...
Fortis Healthcare to buy out PE funds from diagnostics arm Agilus
Ending years of protracted negotiations, IHH Healthcare-backed Fortis Healthcare is set to acquire the stake of private equity firms in its own diagnostics arm Agilus Diagnostics (formerly SRL), according to sources in...
The big hospital merger: Aster DM, Care to sign deal next month
Bengaluru-based Aster DM Healthcare and Hyderabad-based Care Hospitals plan to join hands next month in a marriage blessed by private equity giant Blackstone, two people aware of the matter said. While Aster DM promoter...
Unaprime buys Tata Healthcare’s 43.5% in Lokmanya Hospitals
Unaprime has bought out Tata Healthcare Fund’s 43.5% stake in Maharashtra-based Lokmanya Hospitals, said the financial investment advisory company’s co-founder Deep Mishra. It also purchased shares from...
TA Associates, 2 others offer to buy into Eye Foundation
TA Associates, Multiples PE and KKR have submitted non-binding offers to pick up about 25% stake in Coimbatore-headquartered Eye Foundation at a valuation of ₹3,360 crore, according to sources. The offers are for a ₹830...
General Atlantic, other PE funds in talks for majority stake in AIMS
General Atlantic and KKR are among 4-5 private equity firms competing for a majority stake in Faridabad-based hospital chain Asian Institute of Medical Sciences (AIMS), said people aware of the matter. A potential deal...
Mankind Pharma to acquire 100% stake in Bharat Serums & Vaccines
Mankind Pharma has emerged as the frontrunner to acquire Bharat Serums & Vaccines (BSV), backed by Advent International, the company announced on Thursday. “Mankind Pharma Limited has entered into a definitive...
MGM Healthcare promoter acquires Vizag’s SevenHills Hospital under IBC
MK Rajagopalan, the promoter of Chennai-based MGM Healthcare, has acquired the 300-bed SevenHills Hospital in Visakhapatnam under the Insolvency and Bankruptcy Code (IBC) process. The Amravati bench at Mangalagiri of...
Glenmark Pharma to offload 7.84% stake in Glenmark Life Science through OFS
Glenmark Pharma board has approved the sale of a 7.84 per cent stake, which is equivalent to 96,09,571 equity shares, in Glenmark Life Sciences, the company said in an exchange filing on June 10. The stake will be sold...
Apollo Hospitals to acquire Rs 103.2 crore stake in subsidiary Apollo Health
Apollo Hospitals Enterprises has announced that it will acquire a stake worth Rs 103.2 crore in its subsidiary company, Apollo Health and Lifestyle. This acquisition, aggregating Rs 1032.60 million (or Rs 103.2 crore)...
