Vasan Healthcare’s court-appointed insolvency resolution professional is expected to hammer out a deal with lenders to accommodate a strategic partner to revive the eye-care chain. The company, backed by Sequoia...
Baring Private Equity Asia to buy medical device maker Lumenis
Baring Private Equity Asia has agreed to acquire Lumenis from London-based investment firm XIO Group in a deal that values the Israeli medical device maker at more than $1 billion. Lumenis develops minimally invasive...
TA, Warburg Pincus, ChrysCap shortlisted to buy stake in SRL
Three leading private equity firms — TA Associates, Warburg Pincus and ChrysCapital – have been shortlisted from a group of five suitors for acquiring up to 44% equity stake in SRL Ltd, the diagnostics arm of Fortis...
SC ruling on Singh brothers halts IHH Healthcare’s Fortis takeover plan
The Supreme Court has refused to lift the block on completion of the takeover of embattled hospital chain Fortis Healthcare Ltd. by Malaysian operator IHH Healthcare Bhd, the latest twist in one of the country’s most...
Roche buys U.S. drugmaker Promedior for up to $1.4 billion to get lung drug
Swiss drugmaker Roche is paying up to $1.4 billion to buy U.S. biotech company Promedior, whose main drug candidate against the lung disease idiopathic pulmonary fibrosis is set to begin late-stage trials, Promedior...
UST Global acquires Contineo Health
UST Global, a leading digital transformation solutions company, has acquired Contineo Health, a leading healthcare technology consulting firm specializing in electronic health record (EHR) optimization and a partner to...
Cadila Healthcare acquires remaining stake in 2 subsidiaries for $250,000
Cadila Healthcare Ltd has acquired the remaining 15% stake each in its subsidiaries Zydus Technologies Ltd andZydus Noveltech Inc for a combined $250,000 from strategic and minority partner Sharad Govil, the company...
Shareholders ask Fortis to act on IHH open offer
Minority shareholders of Fortis Healthcare Ltd are demanding that the company and its parent IHH Healthcare Bhd make efforts to vacate a Supreme Court stay on an open offer for buying additional shares of the Indian...
NCLT approves the merger of assets of Max India into Max healthcare
Max India Limited, a listed entity of Max Group, today announced that the shareholders of the company, in NCLT convened meeting, approved the scheme involving merger of assets of Max India into Max healthcare and...
Stryker boosts bone implants with $4 billion Wright Medical buyout
Medical device maker Stryker Corp said on Monday it would buy smaller rival Wright Medical Group for about $4 billion in cash, expanding into the fast-growing business of implants for shoulders and wrists. Latest in a...
Singh brothers trade barbs at NCLT
Shivinder Singh likened his brother Malvinder to the “mythological Bhasmasur” and said he possibly suffered from a personality disorder while calling for a forensic audit of RHC Holding. Older brother Malvinder said he...
Private equity groups vie for UK testing firm LGC: sources
Private equity groups including Cinven and Blackstone are vying to buy KKR-owned LGC Group in a deal that could value the British scientific measurement and testing company at as much as 2.5 billion pounds, people close...
