CVS Health Corp said on Tuesday Walmart Inc is leaving its network for commercial and Medicaid prescription drug plans after the two companies failed to agree on pricing. CVS said the dispute would not impact Walmart’s...
Fortis completes acquisition of RHT assets
Fortis Healthcare NSE 0.04 % Tuesday said it has completed the acquisition of RHT Health Trust (RHT) assets. In February last year, Fortis had announced that it has entered into definitive agreements with RHT to acquire...
Hearing aid makers Widex and Sivantos reopen EU merger application
Danish hearing aid maker Widex and German rival Sivantos have reopened an application seeking European Commission approval for their planned $8 billion merger, public records show. The companies in October 2018 withdrew...
Sanofi to pay Regeneron $462 million in revised immuno-oncology deal
Sanofi will pay Regeneron some $462 million in a revision of their deal in immuno-oncology, a growing sector in healthcare research which aims to help the body’s own immune system fight cancer. The two companies said...
Australia’s Healius snubs $1.21 billion bid from China’s Jangho, says bid undervalues
Australian medical center operator Healius Ltd (HLS.AX) on Monday rejected a A$1.7 billion ($1.21 billion) buyout approach from China’s Jangho Group Co Ltd (601886.SS), denting its shares but leaving investors hoping...
Max Healthcare changes hands: Radiant Life Care, KKR to buy hospital chain
KKR-backed hospital management company Radiant Life Care announced on Monday that it will acquire a majority stake in Max Healthcare Institute from Max India through a series of transactions that will include Radiant...
Radiant Life Care backed by KKR acquires Max Healthcare
Radiant Life Care Private Limited, backed by global investment firm KKR has entered into a transaction whereby its shareholders it will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited...
Drugmaker GSK to split after striking Pfizer consumer health deal
GlaxoSmithKline plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture with Pfizer’s consumer health division. The...
What the GSK-Pfizer merger means for their Indian units
Investors are excited about GlaxoSmithKline Plc’s (GSK) plan to split the firm into two entities—pharmaceuticals and consumer healthcare. The consumer healthcare arm has been given heft through its merger with Pfizer...
Yes Bank sells over 2% stake in Fortis Healthcare
Private sector lender Yes Bank said it has sold over 2% stake in Fortis Healthcare Ltd (FHL) in tranches. “We would like to inform that Yes Bank has sold 1,23,37,323 equity shares having nominal value of ₹10 each...
IHH holds Fortis open offer after SC status quo on deal
IHH Healthcare Bhd on Monday told the Malaysian stock exchange that it will not be able to proceed with the open offer for Fortis Healthcare for the time being, following the Indian Supreme Court’s 14 December order to...
Hospital beds firm LINET may agree stake sale in first half of 2019: founder
European hospital and nursing bed maker LINET Group is in talks with three or four bidders over the potential sale of a stake and could wrap up a deal in the first half of 2019, the company’s founder and main...
