Homegrown private equity firm True North has sold a part of its stake in India and Gulf based hospital chain Aster DM Healthcare Ltd for Rs448.5 crore (approx $65 million), data from stock exchange shows. True North...
IIFL AMC fund buys stake in eye care chain Infigo Lifesciences
IIFL India Private Equity Fund, a private equity fund managed by IIFL Asset Management Ltd (IIFL AMC), has bought a majority stake in eye care hospital chain Infigo Lifesciences for₹70 crore. The fund plans to make the...
UnitedHealth to buy healthcare payments firm Equian for $3.2 billion: WSJ
UnitedHealth Group Inc has agreed to buy healthcare payments firm Equian LLC from its private-equity owner New Mountain Capital for about $3.2 billion, the Wall Street Journal reported on Thursday, citing people...
Apollo Hospitals looks to raise up to $200 mn by selling stakes in more units
Apollo Hospitals Group is looking to sell its stake in two more subsidiaries to raise up to $200 million, two people directly aware of the matter said on Thursday, a day after it agreed to sell its stake in a health...
Dr Lal PathLabs to buy 70% stake in a new firm to strengthen presence in MP
Diagnostic chain Dr Lal PathLabs Friday said its board has approved the acquisition of 70 per cent stake in a new company to be incorporated by Vinita Kothari and Sushila Dalal for a cash consideration not exceeding Rs...
Fortis calls off process of stake sale in RHT and RHTTM
Fortis Healthcare said Saturday it has decided to close the bidding and search process to explore the possibility of sale of interest in RHT Health Trust and RHT Health Trust Manager Pte Ltd (RHTTM). In an earlier...
SoftBank in talks to invest $70 million in Indian e-pharmacy Medlife
SoftBank is looking at investing in Medlife, India’s largest e-pharmacy and healthcare platform by sales. Though the talks are still in early stages, the Japanese investment giant may put in $60 million-$70 million in...
U.S. proxy firm ISS backs Centene’s deal for WellCare
Institutional Shareholder Services has shown support for Centene Corporation’s planned acquisition of smaller rival WellCare Health Plans Inc by recommending shareholders favor the deal, the health insurers said on...
Yes Bank reduces stake in Fortis Healthcare by 2%
Yes Bank has reduced its stake in Fortis Healthcare by around 2% by selling over 1.51 crore shares of the company in various tranches, according to a regulatory filing by the healthcare firm. The private sector lender...
TPG Capital-Manipal set to seal Medanta deal
Buyout firm TPG Capital and Manipal Hospitals are set to announce the purchase of Dr Naresh Trehan’s Medanta chain of hospitals as soon as next week, in one of the largest acquisitions in the Indian healthcare industry...
Two-thirds of lenders have voted for Dhanuka Laboratories’ resolution
More than two-thirds of the lenders of Chennai-based Orchid Pharma are believed to have voted in favour of the resolution plan of Gurugram-based Dhanuka Laboratories, leading its bid to reach the National Company Law...
PE firms NY Jacob Ballas, others start process to sell 31.5% in SRL
Private equity investors NY Jacob Ballas, Siguler Guff & Co and International Finance Corporation, whose exit from diagnostics company SRL Ltd was stalled after a legal setback, have started the process of selling...
