In order to streamline the group's business and maximise shareholder value, the country's largest private sector healthcare provider, Apollo Hospitals has spinned off its front-end retail pharmacy business into Apollo...
PE fund Everstone to acquire Pune’s Sahyadri Hospitals
Home-grown private equity fund The Everstone Group will acquire a controlling stake in Sahyadri Hospitals Limited, the largest hospital chain in Maharashtra. The combination of primary and secondary capital outlay is...
Apollo Hospitals founders may exit Apollo Munich Health Insurance
Prathap C. Reddy and his family, founders of Apollo Hospitals Enterprise Ltd, plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter said. The family is...
Apollo Hospitals to sell assets to reduce promoter pledged shares
The promoters of Apollo Hospitals are planning to cut the level of pledged shares by at least 50 per cent in the next six months. The promoters have around 34.40 per cent stake in Apollo Hospitals Enterprise Ltd (AHEL)...
Germany’s Fresenius Medical Care snaps up stakes in Chinese hospitals
Germany’s Fresenius Medical Care (FMEG.DE) (FMC) has acquired several stakes in Chinese kidney hospitals and dialysis clinics as it seeks to expand in the world’s second-biggest market for dialysis by patient numbers...
Manipal Hospitals, Temasek, TPG Capital come closer to acquire Medanta at Rs 6k crore
Ranjan Pai-led Manipal Hospitals, together with its investors TPG Capital and Temasek, is inching closer to acquiring Medanta hospitals owner Global Health at a valuation of Rs 5,800-6,000-crore, as consolidation frenzy...
Apollo Hospitals to divest front-end pharmacy business
Apollo Hospitals Enterprise NSE 2.25 % said Wednesday it is divesting its front-end pharmacy business to Apollo Pharmacy Ltd for a lump sum cash consideration of Rs 527.8 crore as part of a restructuring exercise. The...
Oppenheimer Fund sells 1.4 mn Apollo Hospitals shares, worth Rs 1.46 bn
Global investment firm Oppenheimer Funds Inc has sold 1.4 million equity shares in Apollo Hospitals Enterprise Ltd for a cumulative amount of Rs 1.46 billion. In another bulk deal in BSE, Wellington Trust Company, an...
Malaysia’s IHH Healthcare to exit Kolkata’s Apollo Gleneagles Hospitals
Malaysian hospital chain IHH Healthcare, which won the bid for debt-ridden FortisNSE -0.47 % Healthcare, will sell its 50 per cent stake in Apollo Gleneagles Hospitals in Kolkata and its radiology centre in Hyderabad to...
Australia’s Healthscope to spin off hospitals as patient exodus hits profits
Australian hospital operator Healthscope (HSO.AX), which recently rejected two takeover approaches, plans to inject A$1 billion ($731.6 million) of its property assets into a trust and sell nearly half of that to an...
Wockhardt plans to sell four hospitals outside Mumbai
After selling the major hospital chains to Fortis nine years ago, the Habil Khorakiwala-promoted WockhardtNSE -3.36 % Hospitals plans to sell four of its seven residual hospitals located outside Mumbai. The group plans...
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...