Cytecare Hospitals Private Limited, a cancer hospital in Bangalore, announced the closure of its $31 million Series A round, including participation from Goldman Sachs, a leading global investment bank and active...
Fortis sells 18.2 mn units of RHT Health Trust
Fortis Healthcare today said one of its subsidiaries has sold off 18.2 million units of RHT Health Trust for 13.65 million SGD (around Rs 69 crore). “Fortis Healthcare International Ltd, a wholly-owned subsidiary...
Fortis bid: Radiant-KKR back in race
Life Care, backed by private equity firm KKR, on Thursday submitted an expression of interest (EoI) for Fortis Healthcare, jumping back in the race to acquire stake in India’s second largest hospital chain. Manipal-TPG...
WellCare Health to buy Meridian Health Plans for $2.5 billion
WellCare Health Plans Inc said on Tuesday it would buy Meridian Health Plans of Michigan and Illinois for $2.5 billion in cash to become the top Medicaid provider in those states. The deal will help WellCare add about 1...
Fortis terminates Munjal-Burman offer, initiates fresh bidding process
Fortis Healthcare on Tuesday decided to initiate a fresh, time-bound bidding process for its sale and terminated the offer from Munjal-Burman combine that was earlier accepted by the company’s board. The move...
Alibaba injects pharmacy assets into healthcare unit in $1.4 billion deal
Chinese e-commerce giant Alibaba Group Holding Ltd will inject some of its online pharmacy business into a listed unit in a deal valued at HK$10.6 billion ($1.35 billion), the firm said in a statement on Tuesday...
Fortis sale process is likely to begin again
The consortium led by Hero Enterprise chairman Sunil Munjal and Dabur India Ltd chairman Anand Burman has given its consent to reopen the bidding process for sale of troubled Fortis Healthcare Ltd. The consortium’s...
Apollo Hospitals, Aster DM, Narayan Health initial bidders for Seven Hills hospitals
India’s largest hospital chain Apollo, Dubai-based Aster DM and Bengaluru-based Narayan Health in partnership with the Piramal group have emerged as the early bidders for the acquisition of the assets of Seven Hills...
Smiths Group, ICU Medical in talks about medical division merger
British engineering firm Smiths Group Plc (SMIN.L) is in very early stage discussions about a potential combination of its medical division with U.S.-based ICU Medical Inc (ICUI.O), the British group said on Sunday...
Manipal-TPG extends validity of new Fortis Healthcare offer to June 6
Manipal-TPG combine has said it has extended the validity of its modified offer for Fortis Healthcare to June 6, 2018. On May 17, Malaysian firm IHH Healthcare Berhard had extended the acceptance period of its enhanced...
Truncated Fortis Board to consider all previous bids
The truncated board of directors of FortisNSE 0.24 % Healthcare met on Wednesday, after four directors either resigned or were voted out, to initiate the process for considering all the bids that were submitted earlier...
Australia’s Healthscope rejects takeover bids in strategy to spur better deal
Australian hospital group Healthscope Ltd (HSO.AX) rejected two takeover approaches on Tuesday and said it will instead explore selling its properties, in what analysts called a risky move that could invite a more...
