JM Financial Private Equity has bought a significant minority stake in nutraceutical firm Innovcare Lifesciences Pvt. Ltd, a person aware of the development said. The valuation of the deal could not be independently...
Mitsubishi Corp to invest Rs 100 crore in Sastasundar Healthbuddy
Mitsubishi Corporation of Japan has agreed to invest Rs 100 crore in Sastasundar Healthbuddy, a digital healthcare platform with a mission to provide consistent access to affordable healthcare in a convenient manner...
Everstone picks up minority stake in stent company Translumina
Private equity firm Everstone Capital, one of India’s largest investment houses, has acquired a significant minority stake in Translumina Therapeutics, a domestic manufacturer and distributor of cardiac stents and...
Two groups, one backed by China’s Fosun, bid for NMC Health stake – sources
Two groups, including one backed by China’s Fosun, have made competing offers to buy a 40% stake in London-listed NMC Health worth up to $1.9 billion, four sources familiar with the deal said. The target stake is...
Elanco to become No.2 in animal health with $7.6 billion Bayer deal
Elanco Animal Health (ELAN.N) agreed to buy Bayer’s (BAYGn.DE) veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest maker of medicines for pets and livestock and...
US healthcare BPO may be valued at $225 million: PE firms in race to acquire emids Technologies
In a sign of continued M&A activity in the healthcare technology sector, a bunch of private equity firms including home grown funds Everstone Capital and ChrysCapital Advisors, and global funds such as KKR & Co...
Manipal’s dream of a pan-India footprint comes to a halt as Medanta talks fail
Manipal group’s ambition to have a pan-India footprint in healthcare has come to a halt for the second time with discussions to acquire Medanta hospitals ending in failure, two people aware of the matter said. Manipal...
Private-equity funds bid for Philippine hospitals group – sources
Buyout firms such as KKR, Blackstone and CVC are competing to buy a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp, people with knowledge of the matter said. Metro Pacific Investments, which...
Germany’s Siemens Healthineers to buy U.S. firm Corindus for $1.1 billion
Siemens Healthineers has agreed to buy Corindus Vascular Robotics for $1.1 billion in the biggest acquisition since the Siemens subsidiary listed on the stock market last year. Healthineers is paying $4.28 per share for...
Bayer, Elanco aiming to reach animal-health deal next week – Bloomberg
Germany’s Bayer AG (BAYGn.DE) and U.S. drug firm Elanco Animal Health Inc (ELAN.N) aim to reach an agreement to combine their pet-health businesses as soon as next week, Bloomberg reported on Wednesday, citing people...
Reddys seek funds: ADIA, Mitsui, Itochu eye stake in Apollo Holdco
Japanese conglomerates Mitsui & Co. and Itochu Corp. as well as Abu Dhabi Investment Authority (ADIA) are in separate talks with the Reddys of Apollo Hospital Enterprises, India’s largest hospital operator, to...
Exact Sciences in advanced talks to buy Genomic Health for $2.8 billion: Bloomberg
Cancer diagnostics company Exact Sciences Corp (EXAS.O) is in advanced negotiations to buy healthcare company Genomic Health Inc (GHDX.O) for about $2.8 billion to strengthen its cancer testing, Bloomberg reported on...
