Philippines’ Metro Pacific Investments Corp said on Tuesday it is selling a 42.5% stake in the country’s largest hospital chain to a consortium led by private equity firm KKR & Co for 35.3 billion pesos ($684.5...
Metropolis Healthcare buys 4 new labs in Surat
Diagnostics chain Metropolis Healthcare Ltd has acquired four laboratories in Surat, Gujarat for a combined consideration of ₹18 crore. The acquisition was done to expand the penetration of the company’s wholly-owned...
Apollo Hospitals eyes smaller acquisitions of up to Rs 300 crore
Healthcare major Apollo Hospitals on Wednesday said it wants to switch to an asset-light model which will focus on taking facilities on contracts and may go for smaller acquisitions of up to Rs 300 crore. The company...
Centene, WellCare to divest certain Medicaid plans to Anthem
Centene Corp and Wellcare Health Plans Inc have agreed to sell Wellcare’s Missouri and Nebraska Medicaid plans for people with low income to Anthem Inc, as the companies look to close their $15.27 billion deal. Centene...
Oxford Immunotec explores sale following takeover interest – sources
Oxford Immunotec Global Plc, a medical diagnostics company that develops tests to identify tuberculosis, is exploring strategic alternatives, including a potential sale, people familiar with the matter said on Monday. A...
Generico raises funds from Lightbox, others
Generico, which runs a network of offline pharmacies selling generic drugs exclusively, has raised a Series-B round of funding led by venture capital firm Lightbox Ventures, said a senior executive. Its existing...
Drugmaker Insys wins bankruptcy court approval to sell off opioid
Drugmaker Insys Therapeutics Inc on Thursday won court approval to sell its flagship fentanyl spray to a buyer who agreed to only market the drug for use by cancer patients, in response to concerns about the product’s...
Philips to sell remaining 10.7% stake in Signify for 357 million euros
Dutch medical equipment company Koninklijke Philips NV said on Thursday it plans to sell the remaining 10.7% stake it holds in Signify NV, its former lighting division, for about 357 million euros ($394.24 million) or...
Apollo Hospitals’ Suneeta Reddy sells 3.6% stake in firm to reduce promoter-level debt
Apollo Hospitals Enterprise Ltd (AHEL) said its managing director, Suneeta Reddy, a member of the promoter family, has sold a 3.6% stake in the company to raise funds to trim promoter-level debt. Shares were sold to...
U.S. judge approves CVS purchase of insurer Aetna
A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp (CVS.N) to merge with health insurer Aetna said on Wednesday that the agreement was in fact legal...
Healthcare tech firm Indegene acquires DT Associates
Indegene, a global healthcare-IT leader in the life sciences industry, has acquired a majority stake in London-based DT Associates, a consulting company exclusively focused on helping pharmaceutical companies in...
U.S. judge approves CVS purchase of insurer Aetna
A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp to merge with health insurer Aetna said on Wednesday that the agreement was in fact legal under...
