DHN

Mankind Pharma & EQT-ADIA in INR 14,000 Cr Race for BSV Group July 18, 2024 If finalized, this will be one of the largest buyouts of a domestic pharmaceutical company in India and potentially one of the most lucrative exits for a buyout fund in the sector.

Lupin Divests US Women’s Health Biz to Evofem for $84 Mn July 17, 2024 Under the terms of the agreement, Lupin stands to receive up to $84 million, contingent upon achieving specified future milestones.

Healthcare Firm Concentra Targets $3.3 Bn Valuation in US IPO July 16, 2024 It plans to sell 22.50 million shares, priced between $23 and $26 each, potentially raising up to $585 million, according to a regulatory filing.

33 Major Health Insurance Companies Boarded NHA’s NHCX Platform July 16, 2024 Other major players already available in the NHCX platform include Aditya Birla Health Insurance, Star Health and Allied Insurance, Bajaj Allianz Insurance, among others.

IRDAI Issues Show Cause Notice to Care Health Insurance July 12, 2024 Saluja, apart from her role as a non-executive director at Care, serves as the executive chairperson of Religare Enterprises, the parent company of Care Health Insurance.

MGM Healthcare Acquires SevenHills Hospital in Major Expansion Move July 12, 2024 This acquisition was part of the corporate insolvency resolution process for SevenHills Healthcare.

Health Secretary Apurva Chandra Confirms Continuation of NHM Funding to Hospitals July 12, 2024 In a recent letter, secretary Chandra reassured that hospitals transitioning into medical colleges will maintain their roles and funding under the NHM.

Siemens Healthineers to Locally Manufacture Multix Impact E Digital Radiography X-ray Machine in BLR July 11, 2024 The Multix Impact E digital system is a floor-mounted system featuring all the necessary tools for easy, intuitive system operation and allows for the detection of anatomical details at low doses of radiation

Glenmark Pharma to Divest 7.84% Stake in Subsidiary Glenmark Life Sciences July 11, 2024 The divestment will involve 9,609,571 equity shares, to be executed through an offer for sale (OFS) on the stock exchange.

Eli Lilly to Acquire USA’s Biopharma Company Morphic for $3.2 Bn July 10, 2024 The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.

Siemens Healthineers India Appoints Kalavathi GV as Executive Director & Head of Development Center July 10, 2024 Kala will drive the development of precision healthcare solutions using AI, automation, and digital transformation for all business lines of Siemens Healthineers.

KIMS Acquires Vizag’s Queen's NRI Hospital for INR 75 Cr July 10, 2024 The acquisition of the hospital, which recorded revenues of nearly 63 Cr in the financial year 2022-23, is set to be completed in a month.