Diagnostics Labs

Fortis Adds Arpwood Capital as second financial advisor For fortis deal

Opportunity India Desk May 05, 2018 - 1 min read

Fortis Healthcare has sought investment banking firm Arpwood Capital Private Limited to act as a second financial advisor on offers that have come in for the company. Arpwood is expected to provide its independent opinion on present or future offers received from bidders for a potential "significant" equity investment, acquisition or restructuring of Fortis' assets, ...

Share
Manipal extends validity of Fortis offer as fate of Munjal-Burman bid in doubt

Opportunity India Desk May 24, 2018 - 4 min read

TPG Capital-backed Manipal Health Enterprises Pvt. Ltd has extended the validity of its revised offer to buy Fortis Healthcare Ltd, indicating the field is still wide open to take over India’s second-largest hospital chain. Manipal’s latest offer, which was valid till 29 May, has been extended till 6 June for the Fortis board’s approval, Fortis ...

Share
healthcare aggregation HealWell24 bags Rs 1.4 cr from Angel Investors, others

Opportunity India Desk May 29, 2018 - 2 min read

The home-based healthcare firm, HWell24 Plus Healthcare Pvt Ltd, which operates home healthcare aggregator under the brand, HealWell24 has raised $200,000 (Rs 1.4 crore) in its pre-Series A round of funding from new and existing individual investors. Prashant Mehta, Mitali Pawar, Nikhil G and Bhavesh P, members of Indian Cooperative Oncology Network (ICON), and angel ...

Share
Fortis Healthcare extends deadline for acquisition bids again

Opportunity India Desk Jun 29, 2018 - 2 min read

For a second time, India’s second-largest hospital chain, Fortis Healthcare Ltd has extended the deadline to submit bids for a takeover deal, as it continues to go through the uncertainty of acquisition battle. “The date for submission of the binding bids… stands revised to Tuesday, July 3,” Fortis said in a stock-exchange filing on Thursday ...

Share
National Health Agency to empanel public and private hospitals for ABNHPM Scheme

Opportunity India Desk Jul 04, 2018 - 3 min read

The National Health Agency (NHA), apex body to implement AYUSHMAN BHARAT today launched a formal process to empanel public and private hospitals to implement Ayushman Bharat-National Health Protection Scheme (AB-NHPM) to achieve universal health coverage. The objective is to improve access for the most vulnerable, unreached sections of the population and holistically address healthcare by ...

Share
Fortis board to convene for fund raising on friday

Opportunity India Desk Jul 11, 2018 - 2 min read

Cash-strapped Fortis Healthcare Ltd, which is in the process of finding a new investor, said Wednesday its board would meet on 13 July to consider raising funds through issue of securities on a preferential allotment basis. The Fortis Healthcare board will meet “to consider, and if thought fit, approve raising funds through issue of securities ...

Share
Gujarat HC issues stay oredrs to Baba Ramdev’s Karauli dream project

Opportunity India Desk Jul 24, 2018 - 2 min read

The Rajasthan High Court has stayed the dream project of Baba Ramdev at Karauli district in Rajasthan. The Bharat Swabhiman Trust of Baba Ram Dev and the Govind Devji Trust had entered into an agreement on August 11, 2016 for 401 bigha of land of the Govind Devji Trust on lease to the trust of ...

Share
USAID, DHFL sign $10 mn loan guarantee for health SMEs in India

Opportunity India Desk Jul 27, 2018 - 1 min read

The US Agency for International Development (USAID) and Dewan Housing Finance Corp Ltd (DHFL) on Tuesday signed a $10 million loan guarantee agreement which will benefit small and medium enterprises operating in the healthcare sector in Tier II and III cities in India, officials said. Through this risk-sharing agreement, the DHFL will provide up to ...

Share
Cabinet Approves MoU Between India And Japan For Enhancing The Healthcare And Wellness Industry

Opportunity India Desk Dec 07, 2018 - 1 min read

The Union Cabinet that is chaired by the Prime Minister, Narendra Modi himself has provided ex- post facto approval on the memorandum of understanding (MoU) between India and Japan in the field of healthcare and wellness, nurturing and enriching both the segments. The agreement focuses on promoting projects like developing human resources in the field ...

Share
Walgreens And Microsoft Collaborates For Developing Digital Healthcare Services

Opportunity India Desk Jan 17, 2019 - 1 min read

Microsoft Corp and the drugstore chain Walgreens Boots Alliance has collaborated with a seven-year agreement. The two brands would be focusing on research and developing new methods for providing healthcare services through digital devices. Additionally, the company would be focusing on virtually connecting people with Walgreens stores, providing services on therapeutic areas, ranging from chronic ...

Share