Organic India, an organic food and supplements firm controlled by ethnic wear retailer Fabindia, is in talks to buy significant stake in nutritionist Shikha Sharma’s NutriHealth, which provides personalised nutrition...
Asia Healthcare Holdings raises $50 million from Sheares Healthcare
Asia Healthcare Holdings (AHH), backed by US private equity giant TPG Growth, has raised $50 million from Singapore state investor Temasek-owned Sheares Healthcare. The deal is subject to closing conditions and...
Fresh binding bids for Fortis due today
Bidders for the Fortis chain of hospitals will have to cough up a minimum investment of Rs 1,500 crore by way of preferential allotment as the Fortis HealthcareNSE 0.90 % board has stipulated certain conditions to...
General Atlantic invests $130 million in Hyderabad’s KIMS Hospitals
Krishna Institute of Medical Sciences (KIMS Hospitals), a healthcare group with a sizeable presence in Telangana and Andhra Pradesh, on Wednesday announced that it had received a strategic growth investment from global...
Hospital bed maker LINET in private equity talks on stake sale: sources
European hospital and nursing bed maker LINET Group is in talks with private equity firms interested in buying a stake in the company, sources with knowledge of the deal said. LINET’s founder and largest shareholder...
NCLT Chandigarh allows Fortis to withdraw SRL demerger scheme
The National Company Law Tribunal bench in Chandigarh has allowed Fortis HealthcareNSE 1.57 % to withdraw its scheme to demerge SRLNSE 0.00 % diagnostics from the group and merge it with its step down subsidiary, the...
Australia’s Sirtex picks $1.4 billion Chinese bid over Varian offer
Australia’s Sirtex Medical (SRX.AX) has picked the highest bidder in a takeover battle for the liver cancer specialist, going with a $1.4 billion Chinese offer that trumped U.S. company Varian Medical Systems (VAR.N)...
Fortis Healthcare pulls out of amalgamation scheme with Fortis Malar, SRL
Fortis Healthcare Ltd on Wednesday withdrew the scheme of arrangement and amalgamation with its units Fortis Malar Hospitals Ltd and SRL Ltd, citing a delay in its completion. The scheme could not be completed even...
Medical device maker Stryker makes takeover approach to Boston Scientific: WSJ
Medical device maker Stryker Corp has made a takeover approach to rival Boston Scientific Corp, the Wall Street Journal reported on Monday, a combination that would give Stryker a strong position in stroke-preventing...
Athenahealth CEO steps down; company considers sale
Athenahealth Inc’s (ATHN.O) Chief Executive Officer Jonathan Bush stepped down on Wednesday and the healthcare software maker said it was exploring options, including selling itself, following pressure from activist...
J&J gets $2.7 billion offer for sterilization unit from Fortive
Johnson & Johnson (JNJ.N) said on Wednesday that Fortive Corp (FTV.N) had offered to buy its medical sterilization unit for about $2.7 billion in cash. J&J has been reviewing its portfolio of businesses and had...
Philips to buy heart rhythm disorder specialist EPD Solutions for $292.1 million
Dutch healthcare technology company Philips (PHG.AS) said on Tuesday it will buy EPD Solutions, a maker of cardiac imaging and navigation systems used to treat patients with heart rhythm disorders. Philips will pay 250...
