Apollo Global Management will buy LifePoint Health in a $5.6 billion deal that will expand its rural U.S. hospitals business, the latest in a series of bets by private equity firms on healthcare. The deal comes as...
IHH’s audit committee chief opposed Fortis buy
A majority of the IHH board supported its $1.1 billion acquisition of Fortis HealthcareNSE -0.15 %, but it was not a unanimous decision. One member thought it was too risky and voted against the proposal, according to...
Buyout firm Apollo in advanced talks to buy LifePoint Health – sources
Private equity firm Apollo Global Management LLC is in advanced talks to acquire LifePoint Health Inc, in its latest bid to consolidate the rural U.S. hospital sector, two people familiar with the matter said on Friday...
Fortis to seek shareholders nod for stake sale to Malaysia’s IHH on Aug 13
Fortis Healthcare on Thursday said extraordinary general meeting (EGM) of the company will be held on August 13 to seek shareholders nod for its acquisition by Malaysia’s IHH Healthcare. Last week, Fortis...
Daiichi Sankyo moves Delhi HC to block Fortis-IHH deal
Daiichi Sankyo has approached the Delhi high court to block the $1 billion sale of Fortis HealthcareNSE -1.51 % to Malaysian group IHH Bhd while it enforces an arbitration award against the former promoters of the...
LeapFrog Investments acquires majority stake in India’s Ascent Meditech
LeapFrog Investments, an emerging markets-focused private equity firm, has acquired a majority stake in the Indian health products company Ascent Meditech Ltd. Ascent Meditech’s orthopedics, pain and wound-care products...
Australia’s Sirtex clears U.S. regulatory hurdle for Chinese buyout
Liver cancer treatment maker Sirtex Medical (SRX.AX) said on Monday that the U.S. Federal Trade Commission cleared its $1.4 billion buyout by a Chinese consortium, clearing a major hurdle for the deal to go through. The...
Fortis Healthcare fortunes to get Malaysia’s IHH boost with acquisition
Malaysian group IHH Healthcare Berhad’s Rs 40 billion acquisition of Fortis Healthcare is expected to result in improved cash flow, better operating profit margins and new business opportunity for the Indian hospital...
Wockhardt plans to sell four hospitals outside Mumbai
After selling the major hospital chains to Fortis nine years ago, the Habil Khorakiwala-promoted WockhardtNSE -3.36 % Hospitals plans to sell four of its seven residual hospitals located outside Mumbai. The group plans...
Fortis board meets today, IHH emerges front runner to buy controlling stake
Malaysia-headquartered IHH Healthcare Berhad has emerged as a front runner to acquire controlling stake in Fortis Healthcare, sources aware of the matter said. The board of Fortis Healthcare will meet on Friday to...
Aurobindo in last lap to buy Mallinckrodt’s US generics business
Aurobindo Pharma is in final negotiations to acquire Mallinckrodt’s specialty generics business in the US—including its portfolio of opioid-based painkillers—for $850-900 million after talks resumed in May, said...
IHH Healthcare likely to seal Fortis deal with ₹ 4,700-5,400 crore bid
Malaysia’s IHH Healthcare Bhd is likely to acquire control of Fortis Healthcare Ltd with a binding offer to buy at least 51% in the troubled Indian hospital operator for ₹ 4,700-5,400 crore, two people aware of the bid...
