A group of private-equity firms reached a deal to acquire Medline Industries Inc. that would value the medical-supply company at more than $30 billion, in one of the largest leveraged buyouts since the financial crisis...
Manipal Group buys Vikram Hospital for Rs 350 cr in second deal this year
Billionaire Ranjan Pai-controlled Manipal Hospitals has entered into a definitive agreement with private equity firm Multiples for a 100 per cent acquisition of Bengaluru based Vikram Hospital, making it their tenth...
Australia’s Ramsay Health Care to buy UK’s Spire for $1.4 billion
Australian hospital operator Ramsay Health Care on Wednesday said it would buy British peer Spire Healthcare Group for 1 billion pounds ($1.42 billion) to strengthen its healthcare business in the country, sending Spire...
PharmEasy acquires Medlife, becomes India’s largest e-pharma company
PharmEasy has acquired Medlife for an undisclosed amount, the e-pharmacy unicorn said on Tuesday. The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to...
UK regulator reviewing AstraZeneca’s $39 bln Alexion buyout
Britain’s competition regulator is reviewing AstraZeneca’s planned $39 billion takeover of U.S.-based Alexion on whether it could reduce competition in Britain or other markets. The UK’s Competition...
P3 Health Partners to go public via $2.3 billion SPAC merger
P3 Health Partners said on Tuesday it had agreed to go public through a merger with blank-check firm Foresight Acquisition Corp in a deal valuing the combined company at $2.3 billion, including debt. The health...
Activist fund Elliott picks up stake in takeover target UDG Healthcare
Activist investor Elliott Investment Management disclosed a stake of about 3.1% in UDG Healthcare, weeks after the pharmaceutical services company agreed to be taken over for 2.6 billion pounds ($3.69 billion). Private...
Brazilian drugstore chain Pague Menos buys rival Extrafarma for $133 million
Brazilian drugstore chain Pague Menos agreed to acquire rival Extrafarma from industrial holding company Ultrapar for 700 million reais ($133.06 million), according to a securities filing on Tuesday. Reuters had...
Adar Poonawalla exits Panacea Biotec; sells entire stake for ₹118 crore
Serum Institute of India CEO Adar Poonawalla on Monday offloaded his entire stake in Panacea Biotec amounting to 5.15 per cent shareholding of the firm for ₹118 crore, through an open market transaction. The shares were...
Multiples-led group to buy Cadila’s animal health unit
Zydus Animal Health and Investments Ltd (ZAHL), a wholly-owned subsidiary of Cadila Healthcare Ltd, has entered into an agreement to sell its Animal Healthcare Established Markets Undertaking (Zydus AH) to a consortium...
Biotech firm Ginkgo to merge with Harry Sloan-led SPAC in $17.5 billion deal
Ginkgo said on Tuesday it was planning to go public through a merger with a blank-check vehicle backed by former Hollywood executives Harry Sloan and Jeff Sagansky, in one of the biggest such deals that value the...
Baring Asia, Everstone Capital lead race for Hinduja’s healthcare BPO
Baring Private Equity Asia and Everstone Capital have emerged the front runners to acquire a controlling stake in the healthcare outsourcing division of Hinduja Global Solutions (HGS) that has been carved out by the...
