Apollo 24|7 to raise ₹2,475 crores from Advent; merges Keimed into digital arm
Apollo 24/7 is valued at an enterprise value of Rs 14,478 crores. Keimed is valued at an enterprise value of Rs 8,003 crores. Following merger, Keimed shareholders would hold a maximum of 25.7% stake in the combined entity, while AHEL would continue to remain the largest controlling shareholder with at least 59.2% stake. (Source: The Economic Times)
Source: The Economic Times - April 26, 2024 Category: Consumer Health News Source Type: news
PE Advent International queues up for a stake in Apollo 24/7
Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals. HealthCo also houses the pharmacy distribution business and a 25.5% interest in Apollo Pharmacy. It accounts for about 40% of Apollo Hospitals’ revenue. (Source: The Economic Times)
Source: The Economic Times - April 26, 2024 Category: Consumer Health News Source Type: news
Sugar, you shrunk the kids: Bouquet of diseases nestled within your child's nutritional drinks
Have you been a fan of "nutritional" drinks since childhood? Chances are, the milk you consumed was laden with about 50% sugar. This habit may have continued into adulthood, contributing to India's reputation as the "diabetes capital of the world." Recent controversies surrounding Nestle's Cerelac have exposed the issue of added sugar in products for infants. As concerns grow over high sugar content in supposedly nutritious drinks, it is crucial for consumers to be aware of their sugar intake, particularly for children. (Source: The Economic Times)
Source: The Economic Times - April 25, 2024 Category: Consumer Health News Source Type: news
Optimizing gut health: Avoid these foods for better digestive wellness
Protect your gut health by avoiding certain foods. Processed foods, artificial sweeteners, high-sugar items, fried foods, alcohol, and processed meats can harm gut bacteria and cause inflammation, leading to digestive issues. Opt for whole, nutrient-rich foods for better digestive wellness. (Source: The Economic Times)
Source: The Economic Times - April 24, 2024 Category: Consumer Health News Source Type: news
Govt expands committee for drug and medical device pricing reforms, includes more industry representation
The government has expanded a committee to include more industry representation for reviewing drug and medical device pricing reforms. This move aims to ensure better availability of medicines and devices, while also providing incentives for industry growth and export sustainability. The committee will engage with industry experts and associations to evaluate pricing and availability issues. Ultimately, the government will make the final decisions, with the committee focusing on balancing pricing and availability of essential medicines and designing a price moderation framework for medical devices. (Source: The Economic Times)
Source: The Economic Times - April 23, 2024 Category: Consumer Health News Source Type: news
Revamped health schemes to focus on kids' nutrition
"The idea is to come up with a comprehensive physical and mental development programme for schoolchildren, with a focus on nutrition to minimise cases of anaemia and to strengthen their mental health to reduce increasing incidence of anxiety, depression and suicides," said a senior government official. (Source: The Economic Times)
Source: The Economic Times - April 23, 2024 Category: Consumer Health News Source Type: news
Panel to finalise list of over-the-counter drugs for sale at general stores
A three-member committee of gynecologists has been formed to finalize a list of over-the-counter (OTC) drugs that will be available in regular stores without the need for a prescription. The committee, chaired by Directorate General of Health Services Atul Goel, aims to complete the list within two weeks. This move is part of India's new OTC policy for drugs, which seeks to reduce treatment costs and promote self-care while ensuring safety. The list will be based on factors such as safety, availability, and non-habit-forming nature of the drugs. (Source: The Economic Times)
Source: The Economic Times - April 22, 2024 Category: Consumer Health News Source Type: news
HCG founder floats $20 million healthcare and life sciences fund
BS Ajaikumar launched the $20 million Inviga Healthcare Fund to support Indian early-stage healthcare companies, addressing funding and operational challenges. The fund recently invested $2 million in Mynvax for novel vaccines. (Source: The Economic Times)
Source: The Economic Times - April 17, 2024 Category: Consumer Health News Source Type: news
IIT Kanpur joins hands with Blockchain for Impact to accelerate healthcare innovation
IIT Kanpur partners with BFI under BFI-Biome Virtual Network Program to boost healthcare startups. $150,000 pledged for SIIC healthcare innovations. Emphasis on entrepreneurial initiatives, biomedical research, and impactful solutions. (Source: The Economic Times)
Source: The Economic Times - April 17, 2024 Category: Consumer Health News Source Type: news
Calcutta HC passes interim order in Glocal case
UpHealth, a digital health company, acquired a 95% stake in Glocal in 2020. The dispute started after UpHealth claimed their right to two directors on the board of Glocal as per the share purchase agreement (SPA) in September 2022, which was defeated in an extraordinary general meeting (EGM). (Source: The Economic Times)
Source: The Economic Times - April 16, 2024 Category: Consumer Health News Source Type: news
Do you consume protein supplements for health gains? Snapdeal's Kunal Bahl has a serious warning for you
A recent study exposes alarming findings about protein supplements, uncovering mislabeling, toxin contamination, and potential health risks. Led by researchers from Rajagiri Hospital in Kerala and a US-based tech entrepreneur, the study highlights the urgent need for stricter regulation in the supplement industry. Misleading labels and harmful toxins pose significant health hazards, prompting caution among consumers. The study's revelations underscore the importance of informed decision-making and regulatory reform to ensure product safety. (Source: The Economic Times)
Source: The Economic Times - April 16, 2024 Category: Consumer Health News Source Type: news
Max Healthcare readies Rs 5,500-crore outlay for capacity expansion
Max Healthcare has 4,000 beds, mainly concentrated in Delhi NCR. Of the fresh capacity, about 2,600 beds will become available over the next four years. The hospital chain is planning to open 300 beds in Delhi shortly besides commissioning 1,000 beds each in FY25 and FY26. (Source: The Economic Times)
Source: The Economic Times - April 16, 2024 Category: Consumer Health News Source Type: news
Max Healthcare Institute to invest Rs 5,000 cr on doubling bed capacity in 4-5 years
Max Healthcare Institute Ltd plans to invest Rs 2,500 crore in Uttar Pradesh (UP) which includes setting up of a new 500 beds hospital on 5.6-acre parcel of land located at Shaheed Path and augmentation of capacity of the acquired facility. (Source: The Economic Times)
Source: The Economic Times - April 16, 2024 Category: Consumer Health News Source Type: news
Royal Philips to expand its Healthcare Innovation Centre in Pune
Royal Philips expands its Pune Healthcare Innovation Centre, integrating R&D teams for various businesses. The new facility promotes sustainability and innovation, aiming to enhance patient and staff experiences while reducing the cost of care. (Source: The Economic Times)
Source: The Economic Times - April 15, 2024 Category: Consumer Health News Source Type: news
Royal Phillips to expand its Healthcare Innovation Centre in Pune
Royal Philips expands its Pune Healthcare Innovation Centre, integrating R&D teams for various businesses. The new facility promotes sustainability and innovation, aiming to enhance patient and staff experiences while reducing the cost of care. (Source: The Economic Times)
Source: The Economic Times - April 15, 2024 Category: Consumer Health News Source Type: news
