Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

China’s iKang Healthcare Group chairman faces competing $1.5 Billion takeover proposal from Sanyou's consortium

Monday, November 30, 2015

Chinas iKang Healthcare Group Inc received a preliminary 15 billion acquisition offer from an investor group that includes its main rival setting the stage for a faceoff with the companys chairman who earlier this year made a bid to take the healthcare service provider private IKang competitor Mein..

BTG Pactual to sell Brazil hospital stake to Singapore's sovereign wealth fund GIC Pte Ltd

Monday, November 30, 2015

Grupo BTG Pactual SA has agreed to sell its 12 percent stake in Rede D39Or So Luiz SA Brazil39s largest hospital chain to Singapore39s sovereign wealth fund GIC Pte Ltd for almost 25 billion reais 633 million a source directly involved in the deal said on Sunday An announcement could take place ear..

MRI reveals Weight Loss Protects Knees

Monday, November 30, 2015

Obese people who lose a substantial amount of weight can significantly slow the degeneration of their knee cartilage according to a new MRI study presented today at the annual meeting of the Radiological Society of North America RSNA Obesity is a major risk factor for osteoarthritis a degenerative ..

Ontario Liberals short-changing Ottawa hospital patient care by over $312 million each year

Saturday, November 28, 2015

According to Canadian Institute for Health Information CIHI data Ontario spends 253 per cent less than the rest of Canada on hospital care That means that provincial funding for Ottawa area hospitals would need to increase by 312685078 a year in order to reach the average hospital funding level in t..

Fortis acquires Religare Health Trust for $14.9m

Friday, November 27, 2015

Fortis Healthcare has entered into an agreement with RGAM Investment Advisors and other shareholders to fully acquire Religare Health Trust Trustee Manager Pte Ltd for 149 million about Rs 100 crore One of our step down subsidiaries Stellant Capital Advisory Services Pvt Ltd Stellant has entered in..

UAE's College of Medicine and Health Sciences(CMHS) wins green light for expansion

Friday, November 27, 2015

A new extension to the College of Medicine and Health Sciences CMHS in Al Ain is among a number of projects approved by the Abu Dhabi Urban Planning Council during the third quarter of 2015 The extension to CMHS which is part of UAE University will feature stateoftheart facilities for 500 students ..

Top Choice Medical Investment plans acquisitions via share issue

Friday, November 27, 2015

Top Choice Medical Investment Co Inc says plans to acquire stakes in medical technology firm investment JVs39 assets for 505 billion yuan 79036 million via share issue Says plans to raise up to 550 million yuan in private placement of shares to fund project replenish capital reuterscom ..

CPSI agrees to acquire Healthland Holding for $250 Mln

Thursday, November 26, 2015

Computer Programs and Systems Inc CPSI a provider of healthcare information solutions to rural and community hospitals said it has entered into a definitive agreement to acquire Healthland Holding Inc and its affiliates Healthland Inc American HealthTech Inc and Rycan Technologies Inc The 250 mill..

Germany-Based Brainlab opens new operations center in Westchester, Illinois

Thursday, November 26, 2015

Brainlab a global leader in medical technology opened a newly designed 20867 square foot office complex at 5 Westbrook Corporate Center in suburban Westchester Illinois Headquartered in Munich Germany Brainlab develops manufactures and markets softwaredriven medical technology enabling access to ad..

Trivitron Healthcare founder GSK Velu to launch Rs 400 crore fund early 2016

Thursday, November 26, 2015

A new fund of Rs 300 crore Rs 400 crore focusing on healthcare and lifescience spearheaded by Trivitron Healthcare founder G S K Velu is expected to hit the market by early next year Velu who recently sold his shares in pathology lab chain Metropolis Healthcare Ltd will contribute a major share of ..

NMC Health acquires majority stake in Fakih IVF for $189 million

Wednesday, November 25, 2015

NMC Health a leading integrated healthcare provider operating across the UAE has entered into an agreement to acquire a 51 per cent shareholding in Fakih IVF Group for Dh696 million 189 million NMC has also agreed a mechanism by which it could increase its stake in Fakih IVF over time based on cert..

Molina Healthcare to acquire Medicaid and MIChild assets of HAP Midwest Health Plan in Michigan

Wednesday, November 25, 2015

Molina Healthcare Inc and HAP Midwest Health Plan Inc HAP Midwest jointly announced today that Molina Healthcare of Michigan Inc a wholly owned subsidiary of Molina Healthcare Inc has entered into a definitive agreement to acquire certain assets of the Medicaid and MIChild businesses of HAP Midwest ..

Karolinska University Hospital to purchase Elekta’s Leksell Gamma Knife Icon

Wednesday, November 25, 2015

By acquiring Elektas latest generation intracranial stereotactic radiosurgery system Leksell Gamma Knife Icon Stockholms Karolinska University Hospital will be able to offer the benefits of precision cranial radiosurgery to more patients with a wider variety of tumor types and sizes The hospital wa..

Five charged in $600 million California health care fraud scheme

Wednesday, November 25, 2015

The former chief financial officer of a California hospital and four other people have been charged in a series of health care kickback schemes that generated nearly 600 million in fraudulent billings for spinal surgeries prosecutors said on Tuesday All five defendants have agreed to cooperate in a..

Pfizer-Allergan to take healthcare M&A deals to above $600 billion in 2015

Tuesday, November 24, 2015

Pfizer Inc39s looming deal to buy Botox maker Allergan Plc for more than 150 billion will cap a recordbreaking run for mergers and acquisitions in the healthcare sector taking the cumulative value of deals in 2015 to more than 600 billion Helped by cheap finance healthcare has seen an unprecedented..

TeamHealth completes acquisition of IPC Healthcare

Tuesday, November 24, 2015

Team Health Holdings Inc a leading physician services organization today announced it has successfully completed its acquisition of IPC Healthcare Inc a national acute hospitalist and postacute provider organization The transaction valued at approximately 16 billion combines two physiciancentric or..

Methodist Healthcare System to invest $60 million for expansion at its Stone Oak hospital

Tuesday, November 24, 2015

Methodist Healthcare System plans to invest more than 60 million to expand its hospital in Stone Oak It39s the latest health care organization to reach into its coffers to keep up with rising demand for services as continued growth in North Central San Antonio especially in Stone Oak is prompting p..

SurModics acquires Ireland-based balloon catheter maker Creagh Medical Ltd. for €32 million

Tuesday, November 24, 2015

SurModics Inc announced that it has acquired an Irelandbased developer and manufacturer of balloon catheters Creagh Medical Ltd for 32 million The transaction includes an upfront payment of 18 million and milestone payments of up to 12 million based on achievements from revenue and valuecreating op..

VPS Healthcare will make Al Noor bid before takeover panel deadline

Tuesday, November 24, 2015

VPS Healthcare will make a bid for Al Noor Hospitals before the Dec 8 deadline set by the UK Takeover Panel two sources aware of the matter told Reuters on Monday as the battle for the Londonlisted healthcare firm intensifies The United Arab Emiratesbased firm has already agreed a 14 billion pound ..

Global health experts accuse WHO of 'egregious failure' on Ebola

Monday, November 23, 2015

The World Health Organization39s failure to sound the alarm until months into West Africa39s Ebola outbreak was an egregious failure which added to the enormous suffering and death toll global health experts said on Monday A specialist panel convened by Harvard39s Global Health Institute HGHI and t..