Healthcare Financial News

Healthcare Global Enterprises Ltd (HCG), the country’s largest speciality cancer care hospital chain, from another private equity firm CVC Capital Partners, said people aware of the matter. The development comes less than six months after KKR made a return to the Indian hospital sector, after a gap of two years The private equity firms are aiming to sign binding documents this month, latest early January. Trumping a rival bid by Bain Capital, KKR entered into an exclusivity pact in late October with CVC for bilateral negotiations to acquire CVC’s 60.36% stake at a price of Rs 425-450 per share. This is at a 10-15% discount to the Rs 509.85 of Tuesday closing price, which translates into a market value of Rs 7,106.63 crore. But the stock has surged 43% in the last six months on the back of a strong financial performance and expectations of a sale. In the past month alone, HCG shares have risen 14%.

Alliance Air will operate two flights a week from Guwahati to Ziro in Arunachal Pradesh, an official said on Tuesday. The domestic carrier will operate flights on Mondays and Wednesdays, Lower Subansiri deputy commissioner Vivek HP said. The flight will depart from Guwahati at 12.10 pm and land in Ziro at 1.25 pm. The return flight from Ziro will leave for Guwahati at 1.50 pm and reach there at 3.05 pm. Ziro has established itself as a MICE tourism destination, and with the beginning of the direct flights from Guwahati to Ziro, tourism in the valley will receive a boost, he said.

Ayushman Bharat scheme is to address the distinct challenges faced by senior citizens and to reduce the economic vulnerabilities of this group, the Rajya Sabha was informed on Tuesday. Responding to a question, Union Health Minister J P Nadda said that on October 29, 2024, the government expanded Ayushman Bharat — Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to provide free treatment benefits of up to Rs 5 lakh per year to all aged 70 years and above, irrespective of their socio-economic status. «The aim of this expansion is to address the distinct challenges faced by senior citizens, including limited access to affordable healthcare and a significant disease burden. Many elderly individuals suffer from chronic illnesses and disabilities, highlighting the urgent need for targeted healthcare interventions,» he said. The initiative also strives to reduce the economic vulnerabilities of this group, as a substantial portion is no longer employed, leading to high dependency on others, Nadda said.

Nifty 50 index has risen over 1% in the last two trading sessions, with brokerage firm Axis Securities projecting the index to hit 26,100 by December 2025, marking an 8% upside from the current levels. The brokerage said it continues to believe in India’s long-term growth story, “driven by the country’s favourable structure, thanks to the increasing capex which is enabling banks to improve credit growth. This will ensure that Indian equities will easily manage to deliver double-digit returns in the next 2-3 years, supported by double-digit earnings growth.”

Max Healthcare Institute Ltd. traded 2.38 per cent in Tuesday's session at 10:25AM (IST). The stock opened at Rs 1025.00 and has touched an intraday high and low of Rs 1046.05 and Rs 1023.10, respectively, during the session so far. The stock quoted a 52-week high of Rs 1117.05 and a 52-week low of 630.75. About 19,671 shares changed hands on the counter so far.

Blackstone and Carlyle are competing to acquire a majority stake in Texas-headquartered healthcare BPO Access Healthcare, said people aware of the development. Hillhouse Investment, which narrowly missed out to EQT on a similar US-centric firm GeBBS in September, is also making a strong bid. All these firms are due to submit non-binding offers by the middle of December for a 60-70% stake in the company, valuing it at $1.4-1.5 billion. The quantum of the stake sale is expected to be decided over subsequent rounds of negotiations, said the people cited. Set up in 2012 by Anurag Jain, an Indian-origin serial entrepreneur and venture capitalist, privately held Access Healthcare has 20 global delivery centres in nine cities in India, the Philippines, and the US.

TORONTO — The Healthcare of Ontario Pension Plan (HOOPP) has named Annesley Wallace as its new president and chief executive, effective April 1.

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mutual fund investments fared in 2024. Most investors would already know that most equity schemes offered good returns. Here is something that will make these investors happier. ETMutualFunds looked at the performance of equity mutual funds and found they have offered up to 52% in 2024. ETMutualFunds analysed the performance of 471 equity mutual fund schemes and looked at the year to date returns. Mirae Asset NYSE FANG+ETF FoF, the topper in the list, offered 52.01% return in 2024. Motilal Oswal Midcap Fund gave 51.74% return in 2024, followed by Mirae Asset S&P 500 Top 50 ETF FoF which gave 50.29% return in the same period.

It's not unheard of for people who leave banking and set up their own companies to be bullish. Nor is it unheard of for those ex-bankers to work very hard and to expect their new employees to do the same. Alexander Lomax ticks two of those boxes, but not the third. 

Subscribe to enjoy similar stories. A mega merger, the largest in Indian healthcare, announced on Friday just created a Top 3 ranker in India’s hospital industry. Bengaluru-based Aster DM Healthcare announced a merger with Blackstone-backed Quality Care India Limited (QCIL) in a deal that will value the combined entity at $5.08 billion ( ₹43,000 crore).

Aster DM Healthcare and Blackstone- owned hospital platform Quality Care India Ltd (QCIL) on Friday said they have signed definitive agreements for a merger. The merged listed entity will be named as Aster DM Quality Care Limited. Blackstone will be the largest shareholder in the merged entity with about 30.7% stake, Aster promoters will have around 24% and the rest will be held by public and other shareholders including TPG which will hold 10.22%

Atishi on Thursday said the Health Department has been directed to devise a mechanism to incorporate the benefits of the Ayushman Bharat scheme without withdrawing the benefits of the Delhi government's free healthcare facilities for the people. In a press conference, she said the Delhi government has been in principle ready to implement the Centre's Ayushman Bharat health insurance scheme. But there are some contradictions and problems in implementation, the CM said. The Delhi high court on Wednesday sought the stand of the AAP government on a plea by seven BJP MPs from the national capital, seeking implementation of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). Atishi said the problems in the implementation of AB-PMJAY arise because the Delhi government is already providing comprehensive free medical facilities in its hospitals.

Max Healthcare Institute Ltd. 2.02 per cent to Rs 986.30 in Thursday's trade. It hit a high of Rs 1015.65 and low of Rs 980.10 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 882.28, while the 50-DMA was at Rs 985.67. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

The S&P/ASX 200 index hit an all-time high of 8,477.10 earlier, its third this month and second this week. It ended the day with a 0.5% increase to 8,444.30.

Subscribe to enjoy similar stories. The U.S. federal government spent $6.75 trillion in the most recent fiscal year ended Sept.

Subscribe to enjoy similar stories. Investing with a focus on the quality factor involves identifying companies that demonstrate strong financial health, sustainable competitive advantages, and consistent earnings growth. Quality and value are two of the oldest and most widely recognised factors in investing.

Subscribe to enjoy similar stories. MUMBAI : Smart-beta funds track alternative indices that are variations of regular market indices like the Nifty 50, Nifty 200, or the Nifty 500. These indices are designed to follow specific investment factors such as value, momentum, low volatility, or quality.

Max Healthcare Institute Ltd. 2.6 per cent to Rs 995.40 in Tuesday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 24246.8, 24.9 points. The scrip had closed at Rs 970.10 in the previous session. The stock quoted a 52-week low of Rs 599.30 and a high of Rs 1117.05. The company quoted a market-cap of Rs 96629.93 crore on the BSE.

Noah Wyle, known for his role in ER, will star in a new hospital drama series called The Pitt. The series, produced by John Wells, will air on Max in January.

The report also highlighted that Indian Pharmaceutical Market (IPM) grew by 8 per cent YoY, with chronic therapies showing a 9 per cent increase. However, acute therapies experienced modest growth of 4 per cent due to a weak season for these segments. It said «The pharmaceutical universe under our coverage reported Q2FY25 growth of 10.2 per cent YoY and 1.7 per cent QoQ, driven by robust growth in North America (10.8 per cent YoY) and the India business (9.8 per cent YoY)».