Digital healthcare platform 1MG Technologies plans to raise around $70 million. One of the investors would be World Bank’s investment arm International Finance Corporation (IFC). IFC said the proposed equity...
U.S. approves Fresenius purchase of NxStage
The U.S. Federal Trade Commission has given Germany’s Fresenius Medical Care AG and U.S. home dialysis equipment maker NxStage Medical Inc antitrust approval for their merger, the agency said on Tuesday. To win approval...
Bharat Biotech to acquire Chiron Behring from GSK
Vaccine manufacturer Bharat Biotech will be acquiring 100% equity stake in Chiron Behring Vaccines in an all-cash transaction from GlaxoSmithKline Asia for an undisclosed sum in the coming weeks. Refusing to share the...
Blackstone likely to assist Ranjan Pai acquire Medanta
Blackstone is looking to invest about Rs 3,200 crore ($450 million) to help Ranjan Pai of the Manipal Group acquire Naresh Trehan’s Medanta Hospital for Rs 6,000 crore, said people with knowledge of the matter. The...
Starboard gauges Bristol-Myers shareholder support for Celgene deal
Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker’s $74 billion deal to buy Celgene Corp, people familiar...
Johnson & Johnson to buy surgical robotics firm Auris for $3.4 billion
Johnson & Johnson said on Wednesday it would buy Auris Health Inc for $3.4 billion in cash, gaining access to the privately held company’s surgical robotic scope used in respiratory procedures and the detection of...
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos...
Apollo Hospitals founders may exit Apollo Munich Health Insurance
Prathap C. Reddy and his family, founders of Apollo Hospitals Enterprise Ltd, plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter said. The family is...
Eyeing a big break, Temasek buys pie in Dr Agarwal’s
Singapore-based Temasek Holdings has bought a minority stake in Chennai-based Dr Agarwal’s Healthcare for Rs 270 crore, its first investment in the eye-care segment and a single-speciality hospital chain in India. The...
TPG Capital, Manipal in exclusive talks to acquire Medanta
US-based private equity firm TPG Capital and India’s Manipal Group have jointly entered into exclusive negotiations with heart surgeon Dr Naresh Trehan and other investors to buy a controlling stake in hospital operator...
Apollo Hospitals to sell assets to reduce promoter pledged shares
The promoters of Apollo Hospitals are planning to cut the level of pledged shares by at least 50 per cent in the next six months. The promoters have around 34.40 per cent stake in Apollo Hospitals Enterprise Ltd (AHEL)...
Smith & Nephew in talks to buy NuVasive for over $3 billion: FT
Britain’s Smith & Nephew Plc has held talks to buy U.S. medical equipment maker NuVasive in a deal that would be worth more than $3 billion, the Financial Times reported on Friday, citing people familiar with the...
