A day after the Supreme Court ordered status quo be maintained with respect to the stake sale of Fortis Healthcare to Malaysia’s IHH Healthcare Berhad, the beleaguered chain said the order does not impact the...
SC stalls IHH’s acquisition of Fortis Healthcare
In a blow to the IHH-Fortis deal, the Supreme Court on Friday gave directions that will stall the Malaysian healthcare group’s acquisition of the India’s second largest hospital chain, lawyers said. “Issue...
Australia’s Sonic Healthcare to buy U.S.-based Aurora Diagnostics for $540 million
Australian pathology and radiology group Sonic Healthcare Ltd (SHL.AX) said on Wednesday it had agreed to buy Florida-based Aurora Diagnostics LLC ADI.UL for $540 million. The acquisition of Aurora is expected to be...
IHH open offer for 26% stake in Fortis Healthcare to commence on Dec 18
The open offer by Malaysian firm IHH Healthcare Berhad to acquire additional 26 per cent stake in Fortis Healthcare will commence on December 18 and close on January 1, 2019, a regulatory filing by managers of the offer...
Shares of Tivity Health drop 30 percent on Nutrisystem deal skepticism
Shares of Tivity Health Inc (TVTY.O) plummeted over 30 percent on Monday after the company’s deal to buy diet plan developer Nutrisystem Inc (NTRI.O) in a bid to strike new partnerships with large health insurers was...
Daiichi moves contempt plea against Singh brothers in Supreme Court
The former promoters of Fortis group are in for more trouble in the following weeks after the Japanese drugmaker Daiichi-Sankyo moved a contempt plea against the Singh brothers and Indiabulls in the Supreme Court (SC)...
Israeli medical cannabis firm InterCure plans Nasdaq listing
Israel’s InterCure (INCR.TA), which recently entered the medical cannabis market, plans to list on Nasdaq by mid-2019, its controlling shareholder, Alex Rabinovitch, said on Thursday. InterCure, a holding company of...
China’s WuXi AppTec raises $1 billion in HK listing – sources
Chinese medical tech platform WuXi AppTec raised $1.01 billion in its Hong Kong listing, sources said, valuing the company at $10.2 billion in a deal that marks one of this year’s last big stock offerings in the Asian...
Germany’s Fresenius Medical Care snaps up stakes in Chinese hospitals
Germany’s Fresenius Medical Care (FMEG.DE) (FMC) has acquired several stakes in Chinese kidney hospitals and dialysis clinics as it seeks to expand in the world’s second-biggest market for dialysis by patient numbers...
Carlyle may offload stake in Metropolis Healthcare before IPO
Private equity (PE) fund Carlyle Group is planning to sell its stake in Metropolis Healthcare Ltd ahead of a planned initial public offering (IPO), two people aware of the development said. The diagnostics chain is in...
Piramal Enterprises to raise up to Rs500 crore through NCDs
Piramal Enterprises on Wednesday said it plans to raise up to Rs500 crore through issue of secured non-convertible debentures (NCDs) on private placement basis. The administrative committee of the board approved the...
Not liable for Singh brothers’ actions: Fortis backs stake sale in Delhi HC
Distancing itself from former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, Fortis Healthcare Ltd on Monday opposed Daiichi Sankyo Co Ltd’s plea to stop the sale of its stake to Malaysia’s IHH...
