Sector: Healthcare
Kauvery Hospitals receives $70 million investment from private equity fund managed by IIFL AMC
Dr. Manivannan (left) Founder and Managing Director and Dr. Chandrakumar, (right) Founder and Chairman of Kauvery Hospitals Group. Photo: Special Arrangement Chennai-based Kauvery Hospitals has raised equity funding of $70 million from private equity (PE) fund managed by IIFL Asset Management Limited for a minority stake. The investment holds significance in Kauvery Hospitals’ next phase … Read more
Reliance to open dedicated pharmacy stores
As per the newspaper reports, Reliance Retail is planning to aggressively expand into offline pharmacy stores under it’s subsidiary brand Netmeds. Reliance had acquired a majority stake in online pharmacy start-up Nedmeds in August 2020. Along with online, Reliance is currently running offline pharmacies under shop in shop format within it’s retail store network; Reliance … Read more
BK Modi Group plans to invest $1 bn in 5 years in realty, wellness
BK Modi Group plans to invest about USD 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth potential in these two sectors. In an interview with PTI, group founder B K Modi asserted that there is a tremendous scope of bringing new technologies in the … Read more
Aster DM forms JV to expand operations into Saudi Arabia
JV has been formed between – Aster Pharmacies Group LLC (APG) – a company registered in Dubai and a material subsidiary of Aster DM Healthcare Limited (ADHL). and Abdulmohsen Al Hokair Holding Group (AAH) – the group was started in 1975 to invest in the sectors of entertainment and hospitality. Group’s projects include 92 entertainment … Read more
LUPIN enters into the diagnostics business
Lupin announced the formal launch of it’s diagnostics business as part of it’s strategy to provide integrated healthcare in India. Key points to note – The business is housed under a wholly owned subsidiary, Lupin Diagnostics. The company launched operations with 11 labs including a 45,000 square feet national reference lab in Navi Mumbai and … Read more
Dr Lal Pathlabs acquires Sequoia supported Diagnostics Chain
Dr Lal Pathlabs (LPL) has acquired 100% stake in Suburban Diagnostics (SD) Key points to note SD is a Sequoia supported entity, who had put in Rs 40 crore into the Company in 2012. Sequoia had been drawing up an exit plan – explored IPO route previously and recently the more recently the Company was … Read more