Procter & Gamble Co agreed to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion) in cash, the companies said on Thursday. P&G said the...
Hero Enterprise, Burman raise bid for Fortis
Fortis Healthcare Ltd said on Thursday it had received an improved binding offer worth 15 billion rupees ($228.3 million) from Hero Enterprise Investment Office and Burman Family Office. The proposal is higher than...
KKR-backed hospital chain Radiant Lifecare readies bid for Fortis
Radiant Lifecare, the emerging Mumbai-based hospital chain that is backed by buyout firm KKR, is set to submit its bid for Fortis HealthcareNSE 1.35 %, the cash-strapped hospital network that is in the middle of a...
China’s Fosun emerges as the fourth contender for cash-strapped Fortis healthcare
China’s Fosun international group has become the fourth suitor for cash-strapped hospital chain Fortis healthcareNSE 1.73 % signalling a bidding war is in the works for the company after a TPG-Manipal combine...
Fortis Healthcare raises Rs150 crore debt to stave off bankruptcy
Fortis Healthcare Ltd, which is weighing multiple takeover offers for its assets, has got a Rs150 crore bridge loan from RattanIndia Finance to keep the struggling hospital operator afloat till it finds a buyer, amid a...
ManorCare wins court approval to exit bankruptcy under landlord
No. 2 U.S. nursing home chain HCR ManorCare Inc won court approval on Friday for a plan to exit a $7.1 billion Chapter 11 bankruptcy by transferring ownership to its landlord, Quality Care Properties Inc (QCP.N). U.S...
Malaysia’s IHH Healthcare offers to buy Fortis at Rs160 per share
India’s Fortis Healthcare Ltd said on Friday Malaysia’s IHH Healthcare Berhad has offered to buy the company at Rs160 ($2.45) per share, paving the way to a better bid than Manipal Hospitals. Manipal Hospitals...
Fortis Healthcare receives new joint bid from Sunil Munjal-Burman family
The battle for Fortis HealthcareNSE 0.03 % intensified with the surprise entry of a third contender into the fray as the family offices of Sunil Munjal of Hero Enterprises and the Burmans of the DaburNSE -0.16 % group...
IHH to counter TPG-Manipal’s bid for Fortis
Malaysia’s IHH Healthcare Bhd is set to launch a counter bid for Fortis HealthcareNSE 1.05 % Ltd putting it in direct competition with the TPG-backed Manipal Health Enterprises, which on Tuesday improved its offer, said...
Analogic to be taken private by Altaris Capital in $1.1 billion deal
Healthcare technology company Analogic Corp (ALOG.O) said on Tuesday it had agreed to be bought by private equity firm Altaris Capital Partners LLC for about $1.1 billion in cash. The offer price of $84 per share is at...
Manipal Group makes revised offer for Fortis hospitals
Manipal Hospital Enterprises Pvt. Ltd, which had agreed to acquire Fortis Healthcare Ltd’s hospital business, has submitted a revised offer in backdrop of mounting pressure from minority shareholders. The revised offer...
Max India may buy Life Healthcare’s stake in JV after valuation process
Max India on Monday said its board will consider buying out its equal partner in healthcare business, Life Healthcare Group Holdings, from Max Healthcare only after completion of valuation of their joint venture. In...
