KKR-backed Radiant Life Care to make binding bid for Fortis tomorrow
According to industry sources, Radiant, which runs a chain of three hospitals, is expected to reconsider its non-binding proposal and sweeten it up to stay in the race. (Source: The Economic Times)
Source: The Economic Times - April 24, 2018 Category: Consumer Health News Source Type: news

Malaysia's IHH makes binding offer to invest Rs 650 crore in Fortis
Manipal-TPG combine and Munjals and Burmans were the only two groups which had made binding offers out of total of five suitors in race. (Source: The Economic Times)
Source: The Economic Times - April 24, 2018 Category: Consumer Health News Source Type: news

IHH Healthcare revises offer for India's Fortis
The new offer includes an immediate infusion of 6.50 billion rupees ($98.00 million) and a non-binding proposal for a subsequent infusion of up to 33.50 billion rupees, IHH said. (Source: The Economic Times)
Source: The Economic Times - April 24, 2018 Category: Consumer Health News Source Type: news

Munjals, Burmans extend validity of 'improved binding offer': Fortis Healthcare
The 'improved binding offer' replaced their original offer made to the Board on April 12, 2018 to invest Rs 1,250 crore directly in Fortis Healthcare. (Source: The Economic Times)
Source: The Economic Times - April 23, 2018 Category: Consumer Health News Source Type: news

SRL Diagnostics looks to increase retail presence in Kolkata
The expansion in Kolkata is part of the company ’s plans to improve its focus on patient care and to open new centres across the country in the near future. (Source: The Economic Times)
Source: The Economic Times - April 23, 2018 Category: Consumer Health News Source Type: news

Clouds over Fortis Healthcare keep suitors from making higher bids
Fortis, with around 30 hospitals, an established brand and good roster of doctors, is a rare and attractive asset in a market that is growing strongly. (Source: The Economic Times)
Source: The Economic Times - April 23, 2018 Category: Consumer Health News Source Type: news

Munjals, Burmans extend validity of their offer for Fortis
The development follows the Fortis board forming an expert panel last week to evaluate binding offers and make the final recommendation by April 26. (Source: The Economic Times)
Source: The Economic Times - April 23, 2018 Category: Consumer Health News Source Type: news

Manipal proposal may pile up pressure on Fortis board
The original bidder Manipal, in a letter to the board on Thursday, said it was willing to waive an exclusivity to facilitate due diligence if an option to match the best offer was provided. (Source: The Economic Times)
Source: The Economic Times - April 21, 2018 Category: Consumer Health News Source Type: news

Metropolis eyes SRL in spinoff deal
Metropolis was exploring a consolidation deal which could make it the largest diagnostics chain in Asia ’s third-largest economy, sources said. (Source: The Economic Times)
Source: The Economic Times - April 21, 2018 Category: Consumer Health News Source Type: news

Fortis Healthcare gets unsolicited offer from KKR-backed Radiant Lifecare
This takes the total deal value to Rs 10,000 crore. Radiant has offered to inject cash immediately in the company by buying the FMRI and Shalimar Bagh hospitals that are outside the RHT trusts. (Source: The Economic Times)
Source: The Economic Times - April 20, 2018 Category: Consumer Health News Source Type: news

Fortis Healthcare ’s board forms expert panel to assess binding bids
Fortis is legally required to hold an EGM as sought by stakeholders National Westminster Bank Plc, East Bridge Capital Master Fund Ltd and East Bridge Capital Master Fund I Ltd, Tempest said. (Source: The Economic Times)
Source: The Economic Times - April 20, 2018 Category: Consumer Health News Source Type: news

KKR-backed hospital chain Radiant Lifecare submits its bid for Fortis Healthcare
This takes the total deal value to Rs 10,000 crore. Radiant has offered to inject cash immediately in the company by buying the FMRI and Shalimar Bagh hospitals that are outside the RHT trusts. (Source: The Economic Times)
Source: The Economic Times - April 19, 2018 Category: Consumer Health News Source Type: news

Health ministry to name hospitals which do not perform under Kayakalp
To fix accountability at various levels, the ministry will declare names of hospitals to which patients have not given positive feedback through its Mera Aspataal (My Hospital) app. (Source: The Economic Times)
Source: The Economic Times - April 19, 2018 Category: Consumer Health News Source Type: news

Fortis board to form committee to evaluate bids
The board will also seek shareholders' approval to name more directors to the board of Fortis. (Source: The Economic Times)
Source: The Economic Times - April 19, 2018 Category: Consumer Health News Source Type: news

Is Fortis going the Satyam way?
Some people have begun to wonder if the top brass at Fortis Healthcare is riding an invisible tiger a la Ramalinga Raju? Is Fortis going the Satyam way? (Source: The Economic Times)
Source: The Economic Times - April 19, 2018 Category: Consumer Health News Source Type: news

Battle for Fortis intensifies with improved offers from IHH, Hero-Dabur alliance
Malaysian healthcare group IHH and joint bidders Sunjil Munjal of Hero Enterprises and the Burmans of Dabur have submitted revised offers for the healthcare group. (Source: The Economic Times)
Source: The Economic Times - April 19, 2018 Category: Consumer Health News Source Type: news

KKR-backed hospital chain Radiant Lifecare readies bid for Fortis
Last year, KKR invested $200 million in the Mumbai-based hospitals enterprise founded by Abhay Soi. Radiant owns the 650-bed BLK hospital in Delhi and Nanavati Hospital in Mumbai. (Source: The Economic Times)
Source: The Economic Times - April 18, 2018 Category: Consumer Health News Source Type: news

Radiant looking to submit its bid for Fortis on Thursday
Radiant Hospitals which raised $200 million from private equity firm KKR last year has been looking for hospital assets with minimum 500 beds to acquire and expand its operations. (Source: The Economic Times)
Source: The Economic Times - April 18, 2018 Category: Consumer Health News Source Type: news

China ’s Fosun emerges as the fourth contender for cash-strapped Fortis healthcare
Fosun has offered to invest upto $350 million in the hospital chain provided it is given a three week timeframe to conduct due diligence on the company. (Source: The Economic Times)
Source: The Economic Times - April 17, 2018 Category: Consumer Health News Source Type: news

Voice, AI, and omnichannel integration will drive the future of healthcare: Sangita Reddy, Joint MD, Apollo Hospitals
Technology can enable better access to medical care, lower costs of healthcare delivery, enhance the clinical outcome, improve patient-provider interactions, says Sangita Reddy of Apollo Hospitals. (Source: The Economic Times)
Source: The Economic Times - April 17, 2018 Category: Consumer Health News Source Type: news

Fortis rejects IHH offer, board to consider ‘all eligible options’
The Malaysian firm said the Fortis board sent it a response letter indicating it was unable to engage with IHH due to binding agreements with Manipal Health (Source: The Economic Times)
Source: The Economic Times - April 16, 2018 Category: Consumer Health News Source Type: news

Big worry for healthcare sector: Politicization is ruining blood donation movement in Bengal
“Once again the negative dynamics has become pronounced with the advent of summer, the season of usual low blood supply due to less number of blood donation camps,” said Dr. Das. (Source: The Economic Times)
Source: The Economic Times - April 16, 2018 Category: Consumer Health News Source Type: news

India's Fortis board to meet this week to consider takeover options
Indian rival Manipal Health Enterprises Pvt Ltd had last month offered to buy the hospital business of Fortis, which is under investigation over financial fraud. (Source: The Economic Times)
Source: The Economic Times - April 16, 2018 Category: Consumer Health News Source Type: news

Govt seeks to define stem cells as drug, regulate use in therapy
The ministry defined the category of stem cells and their derivatives that would be termed a drug, and would thereby have to follow the protocols mandated for any drug development. (Source: The Economic Times)
Source: The Economic Times - April 16, 2018 Category: Consumer Health News Source Type: news

Malaysia's IHH says Fortis board declines to engage on takeover offer
The Malaysian firm said the Fortis board sent it a response letter indicating it was unable to engage with IHH due to binding agreements with Manipal Health (Source: The Economic Times)
Source: The Economic Times - April 16, 2018 Category: Consumer Health News Source Type: news

Our offer will give Fortis cash in 45 days, say Hero Group's Munjal, Dabur ’s Burmans
The Munjal and Burman family offices are jointly competing with a consortium of Manipal and TPG and IHH Healthcare Bhd to acquire stake in Fortis. (Source: The Economic Times)
Source: The Economic Times - April 13, 2018 Category: Consumer Health News Source Type: news

Our offer will give Fortis Healthcare cash in 45 days, say Hero ’s Munjal, Dabur’s Burmans
The Munjal and Burman family offices are jointly competing with a consortium of Manipal and TPG and IHH Healthcare Bhd to acquire stake in Fortis. (Source: The Economic Times)
Source: The Economic Times - April 13, 2018 Category: Consumer Health News Source Type: news

Grant Thornton tasked to probe allegations of Fortis fund diversion
The report said Fortis auditor Deloitte Haskins& Sells had refused to sign off on group ’s results for Q2 of FY18 until the funds were accounted for. (Source: The Economic Times)
Source: The Economic Times - April 13, 2018 Category: Consumer Health News Source Type: news

Fortis Healthcare receives new joint bid from Sunil Munjal-Burman family
This comes even as Manipal has increased its offer to acquire Fortis' hospitals business and while Malaysia's IHH has also been planning a counter bid of its own. (Source: The Economic Times)
Source: The Economic Times - April 12, 2018 Category: Consumer Health News Source Type: news

IHH to counter TPG-Manipal's bid for Fortis Healthcare
IHH Healthcare Bhd, Southeast Asia ’s largest hospital operator, will be sending a formal proposal to the board of Fortis expressing its interest. (Source: The Economic Times)
Source: The Economic Times - April 12, 2018 Category: Consumer Health News Source Type: news

Aster DM Healthcare to construct Rs 400 crore hospital in Chennai
This 500 bedded, multi-specialty hospital is expected to be commissioned in 2020. The total project cost of the hospital is estimated at Rs 400 crore. (Source: The Economic Times)
Source: The Economic Times - April 11, 2018 Category: Consumer Health News Source Type: news

IHH to counter TPG-Manipal's bid for Fortis
Southeast Asia ’s largest hospital operator will be sending a formal proposal to the board of Fortis expressing its interest, maybe as early as Thursday. (Source: The Economic Times)
Source: The Economic Times - April 11, 2018 Category: Consumer Health News Source Type: news

Fortis Healthcare evaluating revised offer from Manipal-TPG
The revised offer, which raises the valuation of Fortis ’ hospital business by nearly 21%, was made late on Tuesday to win over shareholders who have been disappointed with the earlier deal terms that were announced on March 27. (Source: The Economic Times)
Source: The Economic Times - April 11, 2018 Category: Consumer Health News Source Type: news

AIIMS professor Balram Bhargava to be new ICMR chief
Bhargava, currently a senior consultant cardiologist at the All India Institute of Medical Science, will carry out this role until 2021, according to the order. (Source: The Economic Times)
Source: The Economic Times - April 10, 2018 Category: Consumer Health News Source Type: news

Manipal-TPG sweetens Fortis deal terms to win investors vote
Ranjan Pai-led Manipal and TPG have also decided to rework the earlier swap ratios in response to complaints that Fortis had been undervalued. (Source: The Economic Times)
Source: The Economic Times - April 10, 2018 Category: Consumer Health News Source Type: news

ET exclusive: Manipal-TPG sweetens Fortis deal terms to win investors vote
Ranjan Pai-led Manipal and TPG have also decided to rework the earlier swap ratios in response to complaints that Fortis had been undervalued. (Source: The Economic Times)
Source: The Economic Times - April 10, 2018 Category: Consumer Health News Source Type: news

HDFC in talks to buy Apollo Munich insurance for Rs 1,000 crore
Apollo Munich is a joint venture between Chennai-based Apollo Hospitals promoted by Prathap C Reddy and his family and Munich Re. (Source: The Economic Times)
Source: The Economic Times - April 9, 2018 Category: Consumer Health News Source Type: news

Narayana Health unveils latest cancer radiation therapy technology Versa HD
Developed by Swedish company Elekta, 'Versa HD' as it is known, has the versatility to deliver conventional radiotherapy and a variety of indications and treatment techniques. (Source: The Economic Times)
Source: The Economic Times - April 8, 2018 Category: Consumer Health News Source Type: news

Maharashtra to start free chemotherapy units in 10 district hospitals
The plan will start with hospitals in Nagpur, Gadchiroli, Pune, Amravati, Jalgaon, Nashik, Wardha, Satara, Bhandara and Akola, an official release said. (Source: The Economic Times)
Source: The Economic Times - April 7, 2018 Category: Consumer Health News Source Type: news

Analjit Singh in talks to buy Life Healthcare Group ’s 47.5% in Max Healthcare
The promoters, Singh ’s family, own 40.97% of the listed Max India, which also houses the Max Bupa healthcare insurance joint venture and Antara, which runs residential projects for senior citizens. (Source: The Economic Times)
Source: The Economic Times - April 7, 2018 Category: Consumer Health News Source Type: news

India's first ivy league healthcare management program for executives
TSW in collaboration with Columbia University's department of health policy& management, has announced India's first Ivy League healthcare management progra... (Source: The Economic Times)
Source: The Economic Times - April 6, 2018 Category: Consumer Health News Source Type: news

Apax to buy TPG ’s healthium medtech for $300 million
This will be London-headquartered Apax ’s second healthcare deal in India after its 2007 India debut with an investment in Apollo Hospitals Enterprises. (Source: The Economic Times)
Source: The Economic Times - April 6, 2018 Category: Consumer Health News Source Type: news

Delhi High Court asks Fortis Healthcare to respond on Daiichi's plea
The court also asked RHC Holding Pvt Ltd and Oscar Investments Ltd, companies controlled by the Singhs, to explain how they had arrived at the realisable value of shares in March 14, 2017 order. (Source: The Economic Times)
Source: The Economic Times - April 5, 2018 Category: Consumer Health News Source Type: news

Punarnava Ayurveda to cash in on rise in Russian medical tourists to Kerala
Russian medical tourists who were going mostly to Goa have now started to explore the ayurvedic facilities in Kerala. (Source: The Economic Times)
Source: The Economic Times - April 5, 2018 Category: Consumer Health News Source Type: news

Fortis to take on Daiichi in case to block its Rs 3,900-crore deal with Manipal Health
Daiichi had approached court on Thursday to stall the deal until it was paid a Rs3,500 crore arbitration award by Fortis ’ erstwhile promoters Malvinder and Shivinder Singh. (Source: The Economic Times)
Source: The Economic Times - April 5, 2018 Category: Consumer Health News Source Type: news

Daiichi Sankyo moves HC to block Fortis Healthcare sale to Manipal Health Enterprises
The Singh brothers and promoter groups currently hold less than 1% in Fortis Healthcare compared with 34.43% in December 2017 because most of their holdings were pledged to banks. (Source: The Economic Times)
Source: The Economic Times - April 4, 2018 Category: Consumer Health News Source Type: news

Rakesh Jhunjhunwala questions Fortis deal with Manipal
Former promoters Malvinder and Shivinder Singh and promoter groups saw their holding shrink to less than 1% from 34.43% in December 2017 because they were unable to redeem shares pledged against loans. (Source: The Economic Times)
Source: The Economic Times - April 4, 2018 Category: Consumer Health News Source Type: news

Farhan Pettiwala joins Akhand Jyoti Eye Hospital
Mastichak (Bihar) headquartered Akhand Jyoti Eye Hospital is engaged in eliminating blindness in low income areas of the country, catering to blindness in parts of Bihar and Eastern UP. (Source: The Economic Times)
Source: The Economic Times - April 3, 2018 Category: Consumer Health News Source Type: news

East Bridge Capital raises stake in Fortis Hospital
Last week ET had reported how minority shareholders were dumping the Fortis shares unhappy with the valuation. (Source: The Economic Times)
Source: The Economic Times - April 3, 2018 Category: Consumer Health News Source Type: news

India's antibiotics usage witnessed maximum rise among LMICs in 15 years: Study
Doctors and experts have warned that with the prolonged use of antibiotics, many patients have become anti-antibiotic that even the primary diseases have become difficult to treat. (Source: The Economic Times)
Source: The Economic Times - March 30, 2018 Category: Consumer Health News Source Type: news