Eurolife Healthcare Pvt Ltd, a homegrown speciality pharmaceuticals company, on Thursday said it has taken over Isreal-based Teva’s intravenous infusion (IV) unit in Hungary, for an undisclosed amount. The Mumbai...
Manipal Group’s Stempeutics Research raises ₹95 cr from Kemwell Biopharma
Stempeutics Research, backed by Ranjan Pai’s Manipal Education and Medical Group (MEMG) has signed an agreement to raise ₹95 crore from Bengaluru-based Kemwell Biopharma, for global commercialization of its stem cell...
Hospital chain Apollo’s parent raises ₹1,000 cr
The promoters of India’s largest hospital chain, Apollo Hospitals Enterprises Ltd, have raised ₹1,000 crore from Credit Suisse to meet near-term debt repayment obligations of the promoter group. The short-term bridge...
Baring Private Equity Asia to buy CitiusTech
Baring Private Equity Asia has signed a definitive agreement to acquire healthcare analytics company CitiusTech from its current PE backer and serial technology entrepreneurs Rizwan Koita and his fellow Indian Institute...
PharmEasy is closing in on $120m in equity round
Online pharmacy venture PharmEasy is close to wrapping up a $100-120 million equity financing round, led by a host of new investors including CDPQ, the second-largest Canadian pension fund, and LGT, the private banking...
Fortis Healthcare completes stake sale in Mauritius-based Medical and Surgical Centre
Fortis Healthcare has announced of the sale of its nearly 29 per cent stake in Mauritius-based Medical and Surgical Centre Ltd (MSCL). MSCL has a market capitalisation of 55 million dollars (about Rs 380 crore). The...
Germany’s Bayer seeks animal health merger with Elanco – sources
Bayer has approached U.S. drug firm Elanco Animal Health to discuss a possible combination of their pet-health businesses to create an industry giant, three sources familiar with the matter told Reuters. The two...
Eurofins to slow pace of M&A, expand in emerging markets
Laboratory-testing company Eurofins Scientific (EUFI.PA) plans to slow its frantic dealmaking pace in the next two years while also expanding in emerging markets to maintain double-digit sales growth over the next...
Baring Private Equity Asia leads race for CitiusTech
Baring Private Equity Asia has emerged as the frontrunner to acquire healthcare analytics company CitiusTech from its current PE backer and serial technology entrepreneurs Rizwan Koita and his fellow Indian Institute of...
Asia Healthcare readies war chest of up to $200 mn for acquisitions
Healthcare operating platform Asia Healthcare Holdings (AHH), which is backed by private equity firm TPG Growth, plans to invest $150-200 million to buy companies in the ophthalmology, urology, and gastrointestinal (GI)...
True North’s third fund sells entire 9.15% stake in hospital chain Aster
Homegrown private equity firm True North’s Fund III has sold its entire stake of 9.15% in India- and Gulf-based hospital chain Aster DM Healthcare Ltd for ₹550 crore. Mint reported on Thursday that True North had sold a...
Centerbridge in exclusive talks to buy Magellan Health: Wall Street Journal
U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is in exclusive talks for a possible sale to private equity firm Centerbridge Partners LP, the Wall Street Journal reported on Wednesday, citing...
