The country’s largest mortgage lender Housing Development Finance Corp. (HDFCNSE 0.63 %) is in advanced talks to acquire Apollo Munich Health Insurance Co. for an approximate valuation of Rs 1,000 crore, said two people...
Delhi High Court asks Fortis Healthcare to respond on Daiichi’s plea
The Delhi High Court today asked Fortis HealthcareNSE 3.16 % Ltd, which is going through the process of restructuring, to give its response on Japanese pharma major Daiichi Sankyo’s plea to maintain status quo of...
Apax to buy TPG’s healthium medtech for $300 million
British buyout fund Apax Partners is acquiring Healthium Medtech (HMPL) for $300 million (₹1,950 crore) from its existing private equity owners TPG Growth, which holds 73%, homegrown PE firm CX Partners and founding...
Daiichi Sankyo moves HC to block Fortis Healthcare sale to Manipal Health Enterprises
Daiichi Sankyo has approached the Delhi High Court to block the sale of Fortis HealthcareBSE 1.13 % to Manipal Health Enterprises until the Japanese drug company is paid an arbitration award granted in its favour...
Pfizer in talks with P&G for consumer health unit sale: CNBC
Pfizer Inc is in talks with Procter & Gamble Co for a sale of the largest U.S. drugmaker’s consumer health business, CNBC reported on Tuesday, citing sources. The companies were far apart on a price for the business...
Fortis shareholders oppose hospital deal with Manipal, TPG Capital
Some shareholders of Fortis Healthcare Ltd have come together to oppose the sale of Fortis hospitals to the Manipal Health Enterprises-TPG Capital combine, two people directly aware of the development said on condition...
Oscar Health raises $165 million in new funding round
Health insurance start-up Oscar Health said on Tuesday it raised $165 million in a new round of funding led by San Francisco venture capital firm Founders Fund. In a blog post on its website, Oscar Health said other...
Glaxo to buy Novartis consumer venture stake for $13 billion
GlaxoSmithKline Plc, the UK pharmaceutical giant, agreed to buy Novartis AG’s stake in its consumer healthcare joint venture in a $13 billion deal a week after withdrawing from the bidding for Pfizer Inc.’s consumer...
Fortis Healthcare to demerge hospital division into Manipal Hospitals
Fortis Healthcare’s hospital division will be hived off and merged with Manipal Hospitals apart from which it will sell a majority stake in its SRL Diagnostics unit to the same group. The transaction will lead to the...
Manipal, Fortis hospitals to meet this week to approve proposed merger
The boards of Manipal Health Enterprises Pvt. Ltd, and Fortis Healthcare Ltd will meet in the next couple of days to approve the proposed merger of hospital chains of Fortis and Manipal, according to two people aware of...
Reckitt Benckiser pulls out of Pfizer consumer health auction
British consumer goods maker Reckitt Benckiser Group (RB.L) said on Wednesday it had ended discussions with Pfizer Inc (PFE.N) over buying its consumer healthcare business, a day before the U.S. drug company was...
Punarnava Ayurveda ties up with Saudi-based Al Hokair group
The Kerala-based Punarnava Ayurveda Hospital has inked a deal with Saudi-based healthcare and tourism giant Al-Hokair group to jointly establish 20 Ayurveda rehabilitation centres in the Gulf and to invest Rs. 300 crore...
