US private equity fund Advent International is among investors in discussions to acquire a minority stake in Apollo 24/7, the digital healthcare platform of Apollo Hospitals, said two people aware of the development...
Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 mln
Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp’s assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic test maker...
Medical Properties sells majority stake in five Utah hospitals
Medical Properties Trust said on Friday it would sell majority of its stake in five Utah hospitals for $886 million, sending its shares up more than 10% in extended trading. The real estate investment trust (REIT) said...
General Atlantic buys majority stake in Ujala Cygnus
US-based private equity (PE) firm General Atlantic has acquired a majority stake in Ujala Cygnus, a hospital chain in northern India with a network of 21 hospitals across tier II and tier III cities. The financial...
Quadria Capital backed HealthQuad exits AINU
HealthQuad, a healthcare-focused venture capital fund backed by Quadria Capital, has exited from the Asian Institute of Nephrology and Urology (AINU), India’s largest single-specialty hospital network dedicated to...
J&J in talks to buy Shockwave Medical, WSJ reports
Johnson & Johnson is in talks to buy medical device maker Shockwave Medical, the Wall Street Journal reported on Tuesday, as the healthcare giant potentially looks to expand its presence in cardiovascular devices...
PE firm Olympus to sell up to $235 mln stake in India’s Aster DM, term sheet shows
Private equity firm Olympus Capital Asia plans to sell a 9.8% stake in India’s Aster DM Healthcare for up to 19.53 billion rupees (nearly $235 million), according to a term sheet seen by Reuters on Tuesday...
Aster DM in final stage of Gulf business sale
Aster DM Healthcare on Wednesday said that the separation of its Indian and Gulf (GCC) businesses, and the proposed investment in its GCC business by an investor group led by UAE-based PE firm Fajr Capital, is in the...
UK’s Johnson Matthey to sell medical device business for $700 mln
Britain’s Johnson Matthey (JM) will sell its medical device components business to Montagu Private Equity for $700 million in cash, as part of its strategy to focus on growth units and streamline operations...
Pfizer to cut stake in Sensodyne toothpaste-maker Haleon to 24%
Consumer healthcare firm Haleon said on Monday that U.S. drugmaker Pfizer, its top shareholder, will sell down its stake in the company to about 24%. Pfizer, which currently holds a 32% stake in Haleon, said last year...
India’s Manipal Health set to buy majority stake in Medica Synergie for $151 mln, source says
India’s Manipal Health is set to buy a 93% stake in Medica Synergie as early as April for about 12.50 billion rupees (about $151 million), according to a source familiar with the matter, uniting the two Temasek...
Walgreens CEO says no plans to sell specialty pharmacy unit
Walgreens Boots Alliance’s CEO rejected a media report, saying the company does not plan to sell specialty pharmacy unit Shields Health Solutions at least for now The pharmacy chain is instead looking for ways to...
