Daiichi Sankyo moves Delhi HC to block Fortis-IHH deal
Daiichi moved court on Wednesday, seeking orders to prevent Fortis from proceeding with its deal with IHH without the high court ’s “further approval.” (Source: The Economic Times)
Source: The Economic Times - July 18, 2018 Category: Consumer Health News Source Type: news

MoU signed between IIT Delhi and AIIA to give 'scientific validation' to Ayurveda
Under the Memorandum of Understanding (MoU), the faculties of IIT Delhi and AIIA will work together in the projects to look at ways to integrate technology with Ayurveda. (Source: The Economic Times)
Source: The Economic Times - July 17, 2018 Category: Consumer Health News Source Type: news

Will IHH Healthcare's acquisition of Fortis nurse it out of ICU?
With its own mixed track record in India, the coup can easily turn into a winner ’s curse for IHH. (Source: The Economic Times)
Source: The Economic Times - July 17, 2018 Category: Consumer Health News Source Type: news

Affordability of quality healthcare is a major issue
With the increase in access to information, aided by mobile penetration and ever-increasing data speeds, the power equation between patients and doctors is changing. (Source: The Economic Times)
Source: The Economic Times - July 16, 2018 Category: Consumer Health News Source Type: news

Wockhardt plans to sell four hospitals outside Mumbai
The group plans to sell properties in Nagpur, Nashik and Rajkot, according to two people aware of the development. Wockhardt has hired a Chennai-based investment bank to find a buyer for the assets. (Source: The Economic Times)
Source: The Economic Times - July 16, 2018 Category: Consumer Health News Source Type: news

Scrips fall as Fortis-IHH deal spooks healthcare sector
After the completion of the deal, the IHH-Fortis group of hospitals will be among the biggest in the country, competing directly with some of the large listed hospital chains. (Source: The Economic Times)
Source: The Economic Times - July 14, 2018 Category: Consumer Health News Source Type: news

Confident of mitigating Fortis risk: Tan See Leng, CEO, IHH
We will also bring in our global corporate governance practice standards. (Source: The Economic Times)
Source: The Economic Times - July 14, 2018 Category: Consumer Health News Source Type: news

Fortis will grow stronger under IHH ownership: Singh brothers
Munjals-Burmans combine which did not participate in the fresh round of bidding, also hoped that the Malaysian chain will bring its global capabilities to India, and take Fortis to new heights. (Source: The Economic Times)
Source: The Economic Times - July 13, 2018 Category: Consumer Health News Source Type: news

Malaysia ’s IHH trumps Manipal to win Fortis Healthcare bid at Rs 170/share
Cash-strapped Fortis said IHH will invest Rs 40 billion ($584.11 million) at Rs 170 per share in the company that operates about 30 private hospitals in India. (Source: The Economic Times)
Source: The Economic Times - July 13, 2018 Category: Consumer Health News Source Type: news

Malaysia ’s IHH trumps Manipal to win Fortis bid at Rs 170/share, to launch open offer
Cash-strapped Fortis said IHH will invest Rs 40 billion ($584.11 million) at Rs 170 per share in the company that operates about 30 private hospitals in India. (Source: The Economic Times)
Source: The Economic Times - July 13, 2018 Category: Consumer Health News Source Type: news

Religare Finvest claims Rs 1,900 crore from 19 firms ‘known to’ Malvinder and Shivinder Singh
The banking regulator inspected bank accounts of the borrowers and, in nine instances, detected transfers of funds to related parties of Religare such as Ranchem, ANR Securities and Religare Comtrade. (Source: The Economic Times)
Source: The Economic Times - July 12, 2018 Category: Consumer Health News Source Type: news

Commonly used antibiotic in India under USFDA lens
USFDA has ordered safety labelling changes for the antibiotics to strengthen the warnings about the risks and make them more consistent across the labelling for all fluoroquinolones. (Source: The Economic Times)
Source: The Economic Times - July 12, 2018 Category: Consumer Health News Source Type: news

Religare Finvest claims Rs 1,900 crore from 19 companies ‘known to’ Malvinder and Shivinder Singh
The banking regulator inspected bank accounts of the borrowers and, in nine instances, detected transfers of funds to related parties of Religare such as Ranchem, ANR Securities and Religare Comtrade. (Source: The Economic Times)
Source: The Economic Times - July 12, 2018 Category: Consumer Health News Source Type: news

IHH set to win Fortis, values it at Rs 9,335 crore
The IHH offer outbids the only other competing offer on the table from Manipal Hospitals-TPG expected at Rs 160-165/share. (Source: The Economic Times)
Source: The Economic Times - July 11, 2018 Category: Consumer Health News Source Type: news

Fortis board to decide on IHH, Manipal-TPG bids this week
The board will meet on July 13 to "consider and approve" raising funds through issue of securities on a preferential allotment basis, Fortis told BSE (Source: The Economic Times)
Source: The Economic Times - July 11, 2018 Category: Consumer Health News Source Type: news

Chandy Abraham to Head ITC ’s Healthcare Business
Abraham will give shape to ITC ’s healthcare plans and will present the project to the board this year for approval and resource allocation. (Source: The Economic Times)
Source: The Economic Times - July 11, 2018 Category: Consumer Health News Source Type: news

Wanted. A nurse for Fortis who won't kill it
Fortis claims brothers Malvinder and Shivinder Singh diverted 5 billion rupees ($73 million) of the publicly traded company ’s cash to other entities without board approval. (Source: The Economic Times)
Source: The Economic Times - July 10, 2018 Category: Consumer Health News Source Type: news

Rajasthan, Maharashtra fully support Ayushman Bharat: Health Ministry
Following media reports that Rajasthan and Maharashtra are reluctant to join the Ayushman Bharat scheme, the Health Ministry said both the states have fully supported the scheme. (Source: The Economic Times)
Source: The Economic Times - July 9, 2018 Category: Consumer Health News Source Type: news

Organic India may buy stake in NutriHealth
NutriHealth has been promoting the concept of nutrigenetics, a combination of modern medicine techniques and ayurvedic principles, in preparing personalised diet programmes. (Source: The Economic Times)
Source: The Economic Times - July 9, 2018 Category: Consumer Health News Source Type: news

These doctors in Naxal-hit areas get higher pay than physicians at AIIMS in Delhi
Naxal-hit districts are hiring contract specialised doctors to work in far-flung and sometimes unsafe areas by paying them a hefty salary --of Rs 2-2.5 lakh a month (Source: The Economic Times)
Source: The Economic Times - July 7, 2018 Category: Consumer Health News Source Type: news

Fortis wants to recover over Rs 20 crore from Malvinder Singh after invalidating his contract
Fortis had paid Singh Rs 20 crore as remuneration and additional reimbursement in relation to expenses incurred by him following his appointment on September 27, 2016. (Source: The Economic Times)
Source: The Economic Times - July 7, 2018 Category: Consumer Health News Source Type: news

Singh brothers may have taken fresh loans from Fortis to repay funds diverted from hospital chain, company says
In light of ongoing investigations into the transactions, the Fortis board said at this juncture it was unable to determine whether a fraud has occurred. (Source: The Economic Times)
Source: The Economic Times - July 7, 2018 Category: Consumer Health News Source Type: news

Singh brothers took fresh loans from Fortis to repay funds diverted to three entities linked to them
In light of ongoing investigations into the transactions, the Fortis board said at this juncture it was unable to determine whether a fraud has occurred. (Source: The Economic Times)
Source: The Economic Times - July 7, 2018 Category: Consumer Health News Source Type: news

Fortis Board unable to determine if fraud has occurred: Auditor
Deloitte Haskins& Sells LLP today said the Board of Fortis Healthcare are unable at present to determine whether a fraud has occurred on the company. (Source: The Economic Times)
Source: The Economic Times - July 7, 2018 Category: Consumer Health News Source Type: news

PM Modi to inaugurate cancer hospital in Varanasi next week
Nearly Rs 100 crore have been spent on this new 180-bed facility which has started working lately even as the PM will be dedicating it to the people of the region during his upcoming visit. (Source: The Economic Times)
Source: The Economic Times - July 7, 2018 Category: Consumer Health News Source Type: news

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(Source: The Economic Times)
Source: The Economic Times - July 6, 2018 Category: Consumer Health News Source Type: news

mfine appoints Anitha Venkat as a Senior Director
The company recently raised $4.2 million in Series A funding from Prime Venture Partners, Stellaris Venture Partners and healthcare entrepreneur, Mayur Abhaya. (Source: The Economic Times)
Source: The Economic Times - July 6, 2018 Category: Consumer Health News Source Type: news

Fortis ICD funds originally assigned to company that bought Religare loans
The funds were first routed from Fortis into three entities connected to the Singh brothers — Best Healthcare, Fern Healthcare and Modland Wears. (Source: The Economic Times)
Source: The Economic Times - July 5, 2018 Category: Consumer Health News Source Type: news

Hospitals may face more pricing restrictions: Icra
The hospitals sector has been under the regulatory scanner lately with the NPPA announcing price caps on stents last February and on knee implants last August. (Source: The Economic Times)
Source: The Economic Times - July 4, 2018 Category: Consumer Health News Source Type: news

IHH, Manipal-TPG final suitors for Fortis as Munjal-Burmans, Radiant-KKR back out
The Fortis board was reconstituted late in May after a group of minority shareholders objected to the way the bidding process was conducted. (Source: The Economic Times)
Source: The Economic Times - July 3, 2018 Category: Consumer Health News Source Type: news

Hero's Munjal, Dabur's Burmans pull out of race for Fortis
The Fortis board was reconstituted late in May after a group of minority shareholders objected to the way the bidding process was conducted. (Source: The Economic Times)
Source: The Economic Times - July 3, 2018 Category: Consumer Health News Source Type: news

IHH Healthcare submits fresh bid for Fortis
IHH today issued a letter to the board of Fortis "setting out a binding offer, which supersedes and replaces the enhanced revised proposal," it added. (Source: The Economic Times)
Source: The Economic Times - July 3, 2018 Category: Consumer Health News Source Type: news

Fortis fresh binding bids due Tuesday, board sets evaluation terms
Bidders will have to disclose the source of their funds to finance the transaction, including firm commitment letters from lenders and plans for retention of current management and employees. (Source: The Economic Times)
Source: The Economic Times - July 3, 2018 Category: Consumer Health News Source Type: news

Fresh binding bids for Fortis due today
Bidders will have to disclose the source of their funds to finance the transaction, including firm commitment letters from lenders and plans for retention of current management and employees. (Source: The Economic Times)
Source: The Economic Times - July 3, 2018 Category: Consumer Health News Source Type: news

Fortis extends deadline for binding offers following announcement of Q4 and FY18 results
The healthcare group was earlier expecting these offers by June 28 but has pushed the deadline after it delayed the announcement of its financial results for the fourth quarter and year ended March 31, 2018. (Source: The Economic Times)
Source: The Economic Times - June 29, 2018 Category: Consumer Health News Source Type: news

Fortis' Malvinder Singh authorised funds diversion into related entities
Malvinder Singh was executive chairman of Fortis Healthcare at the time the transactions were authorised, while Shivinder Singh was nonexecutive vice chairman. (Source: The Economic Times)
Source: The Economic Times - June 28, 2018 Category: Consumer Health News Source Type: news

'Malvinder Singh authorised funds diversion into related entities'
Fortis has initiated legal action to recover these outstanding ICDs, it told the Bombay Stock Exchange in a filing early on Wednesday. (Source: The Economic Times)
Source: The Economic Times - June 27, 2018 Category: Consumer Health News Source Type: news

NITI Aayog to set up sub-group to study treatment pricing under Ayushman Bharat
In order to resolve the impasse between the government and IMA, Niti Aayog has decided to set up a sub-group of experts to go into the pricing of treatment under the Ayushman Bharat. (Source: The Economic Times)
Source: The Economic Times - June 27, 2018 Category: Consumer Health News Source Type: news

Fortis gave Rs 445 crore to promoter companies despite management objections
Fortis has initiated legal action to recover these outstanding ICDs, it told the Bombay Stock Exchange in a filing early on Wednesday. (Source: The Economic Times)
Source: The Economic Times - June 27, 2018 Category: Consumer Health News Source Type: news

Genomic tests for cancer split oncologists
In the past decade, several gene testing firms have emerged in Europe and India that are looking at ways to improve diagnosis and treatment of cancer. (Source: The Economic Times)
Source: The Economic Times - June 27, 2018 Category: Consumer Health News Source Type: news

1.50 lakh wellness centres to be set up by 2022: JP Nadda
1.50 lakh wellness centres would be set up by 2022 and each centre would have facility for yoga, said JP Nadda. (Source: The Economic Times)
Source: The Economic Times - June 22, 2018 Category: Consumer Health News Source Type: news

Government to create a census of 20 lakh healthcare facilities by September
The Prime Minister's Office has directed the ministry to create the repository by September, said health secretary Preeti Sudan at the launch on Tuesday. (Source: The Economic Times)
Source: The Economic Times - June 19, 2018 Category: Consumer Health News Source Type: news

Bengal set to join National Health Protection scheme: Indu Bhushan
Bhushan told ET that he was hoping to meet the West Bengal health secretary soon to finalise a memorandum of understanding (MoU) for the state. (Source: The Economic Times)
Source: The Economic Times - June 17, 2018 Category: Consumer Health News Source Type: news

NHPS package rates too low: IMA
Niti Aayog and the Indian Council of Medical Research (ICMR) are “most likely” to help conduct this study over the next few months as the scheme is rolled out. (Source: The Economic Times)
Source: The Economic Times - June 17, 2018 Category: Consumer Health News Source Type: news

Cancer care in Assam linked to Tata centres in Mumbai, Kolkata
The state government and Tata Trusts have proposed to develop 19 cancer care centres across the state and those centres would also be connected to this platform. (Source: The Economic Times)
Source: The Economic Times - June 17, 2018 Category: Consumer Health News Source Type: news

Treat yourself this father's day and become daddy cool again
Fatherhood comes with the added commitments of making a lifetime partnership work, navigating success, power, position etc. This everyday discipline has left... (Source: The Economic Times)
Source: The Economic Times - June 16, 2018 Category: Consumer Health News Source Type: news

NCLT Chandigarh allows Fortis to withdraw SRL demerger scheme
The process was to take 6-8 months but has taken over 19 months and is still not complete, the company told BSE on Thursday. (Source: The Economic Times)
Source: The Economic Times - June 15, 2018 Category: Consumer Health News Source Type: news

Ayushman plan brilliant move; India needed it, says Rajiv Malik, President, Mylan
The Nasdaq-listed company will work with the government to expand affordable healthcare for infectious diseases like HIV and tuberculosis, US-based Mylan ’s president Rajiv Malik said. (Source: The Economic Times)
Source: The Economic Times - June 15, 2018 Category: Consumer Health News Source Type: news

20 States sign MoUs to implement Ayushman Bharat health scheme
The scheme expects to provide up to Rs 5 lakh health cover for 10 crore below poverty line families identified using Socio-Economic Caste Census data. (Source: The Economic Times)
Source: The Economic Times - June 14, 2018 Category: Consumer Health News Source Type: news