Fortis Healthcare Ltd (FHL) told the Supreme Court on Thursday that the question of restraining it from transferring ₹4,000 crore received from Malaysia’s IHH Healthcare Berhad to RHT Health Trust, Singapore did not...
Zydus Wellness completes acquisition of Heinz India
Consumer healthcare firm Zydus WellnessNSE 1.76 % on Wednesday announced to complete its Rs 4,595-crore acquisition of Heinz India’s consumer wellness business, which includes popular brands Complan and Glucon D...
Tri-County’s ₹67 cr resolution plan for BSR gets NCLT nod
The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by the US-based Tri-County Premier Hearing Services Inc. to acquire debt-ridden Bhilai Scan and Research Pvt. Ltd (BSR) Diagnostics Ltd...
InvAscent-led India Life Sciences Fund raises $250 million
India Life Sciences Fund, a healthcare and pharmaceuticals-focused private equity fund advised by InvAscent, has raised $250 million for its third growth capital fund, in what could be termed as a sign of increased...
Lambda buys US’ contract research firm Novum Pharmaceutical
In a move to increase its presence in the US, Ahmedabad-headquartered Lambda Therapeutic Research, a leading contract research organisation (CRO) in the country, on Tuesday announced the acquisition of US-based Novum...
Fortis plea: Supreme Court defers hearing against stake sale to February 6
The Supreme Court (SC) on Monday deferred to February 6 a hearing in Fortis Hospital’s appeal seeking modification of a December 14 order in which the top court had directed a stay on the stake sale of the...
Australia’s API set to start due diligence on Sigma Healthcare
Australian Pharmaceutical Industries Ltd (API) (API.AX) said on Wednesday it was expected to start due diligence on its A$727 million ($518.6 million) offer for pharmacy operator Sigma Healthcare Ltd (SIG.AX) soon. API...
J&J eyeing surgical robotics firm Auris Health: Bloomberg
Johnson & Johnson is pursuing an acquisition of surgical robotics firm Auris Health Inc, Bloomberg reported on Wednesday, citing people with knowledge of the matter. J&J is seeking to purchase Auris at a premium...
Private equity firms circling Nestle’s skin health business – sources
Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle’s (NESN.S) skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter...
Daiichi moves SC to restrain Fortis from transferring funds from IHH
Japanese drugmaker Daiichi Sankyo has moved the Supreme Court seeking to restrain Fortis Healthcare from transferring any funds it has received from Malaysia’s IHH Healthcare to RHT Health Trust, Singapore, in which the...
China’s Evergrande Health buys 51 pct of Swedish EV firm for $930 mln
Evergrande Health Industry Group Ltd said it would buy a 51 percent stake in National Electric Vehicle Sweden AB (NEVS) for $930 million, as the Chinese healthcare service provider continues to diversify into new energy...
Walgreens and Microsoft partner to develop digital healthcare services
Drugstore chain Walgreens Boots Alliance Inc and Microsoft Corp said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices. As...
