Businessmen Sunil Munjal and Anand Burman, who have received Fortis Healthcare Ltd’s board’s approval to buy the troubled hospital operator, may not opt for an outright sale of the company’s SRL Diagnostics unit, as...
Fortis sale: Independent director quits board ahead of stakeholders meet
Fortis Healthcare on Sunday said its independent director, Tejinder Singh Shergill, has resigned from the board due to personal reasons. His resignation comes ahead of the crucial stakeholders’ meeting to be held on May...
HCA, KKR team up for Envision bid – sources
U.S. hospital operator HCA Healthcare Inc (HCA.N) and private equity firm KKR & Co (KKR.N) have joined forces to make an offer for U.S. physician services provider Envision Healthcare Corp (EVHC.N), people familiar...
Healthcare firm Terveystalo to buy Attendo’s Finnish business for $275 million
Finnish healthcare company Terveystalo (TTALO.HE) has agreed to buy Swedish rival Attendo’s (ATTE.ST) Finnish operations for 233 million euros ($275 million), it said on Thursday. Having indicated last week that it was...
With extended bid, IHH back in race for Fortis
Malaysian healthcare firm IHH extended validity of its offer to pick up stake in Fortis HealthcareNSE -1.02 %, becoming the second contender to revise its bid after a proposal by the Munjal-Burman combine was accepted...
Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 billion
Top animal health company Zoetis Inc (ZTS.N) will buy Abaxis Inc (ABAX.O) for $1.9 billion, looking to capture a bigger slice of the fast-growing market for diagnostics services that cater to household pets and farm...
A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many other models have struggled. His secret: strip out the...
Daiichi case: Delhi HC allows sale of Malvinder Singh’s shares
The Delhi high court on Monday ordered the sale of unencumbered listed shares owned by former Ranbaxy promoter Malvinder Singh and others, in connection with the recovery of a Rs3,500 crore arbitration award in favour...
Manipal-TPG raises offer after Fortis picks Munjal-Burmans
The consortium of Manipal Health Enterprises and TPG Asia upped the stakes in the battle for Fortis HealthcareNSE 1.58 %, offering a higher share price for the company four days after its board picked a bid by another...
Australia’s Healthscope gets $3.3 billion bid from Brookfield
Australian hospital operator Healthscope Ltd (HSO.AX) on Monday said it received a A$4.35 billion ($3.3 billion) proposal from Canada’s Brookfield Asset Management Inc (BAMa.TO), $180 million more than a private equity...
Split Fortis Board didn’t heed its advisers on sale
Five of the eight members of the FortisNSE -0.64 % board went against the recommendations of financial advisers Arpwood Capital and Standard Chartered Bank, and even that of legal adviser Cyril Amarchand Mangaldas...
Tencent’s WeDoctor raises $500 million, values firm at $5.5 billion pre-IPO
Chinese online healthcare solutions platform WeDoctor, which is backed by tech giant Tencent Holdings Ltd, said on Wednesday it had raised $500 million from several investors, valuing the firm at $5.5 billion ahead of a...
