Healthcare Financial News

British Private equity firm Apax Partners has started the process to sell Healthium Medtech, the largest homegrown surgical sutures manufacturer, said multiple people aware of the development. The proposed sale is expected to value the company at ₹6,500-₹7,000 crore ($850 million), said sources. Healthium (formerly Sutures India) is the fourth largest surgical suture manufacturer in the world and the second largest in the country with a market share of about 18%.

Also Read-Jefferies says weakness likely to continue in specialty chemicals; check its ratings on SRF, PI Industries and more Analysts remain positive on the expected rise in Average revenues per operating bed (ARPOB). Analysts at Nomura Research have recently increased our ARPOB CAGR (compound annual growth rate) assumption over FY25-30 from 4% to 5.8%, factoring in the expectation of sustained improvement in case mix and payor mix along with price hikes. Also, the newer brownfield capacity is expected to come up over next 4 years in facilities with relatively high ARPOBs (15% higher than the company average on a blended basis, in our view) which should support the ARPOB improvement, they said Fortis Hospital should see improvement in its earnings before interest tax depreciation and amortisation (Ebitda) and margins also because of these reasons.

SMC Global Securities Ltd. Parag Parikh Dynamic Asset Allocation Fund will be an open-ended dynamic asset allocation fund. The investment objective of the scheme will be to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments.

Aster DM Healthcare's resolutions seeking shareholder approval for the $1 billion deal involving the sale of its business in the GCC (Gulf Cooperation Council) region to Alpha GCC Holdings, an entity partly held by promoters. Aster DM has proposed two resolutions — the sale of its GCC business to Alpha GCC, a related party transaction, and the sale of subsidiary Affinity Holdings to Alpha GCC. The e-voting, which began on December 24, will end on January 24. Aster DM Healthcare has put forth a proposal to segregate its India and GCC segments through the divestment of ownership in its subsidiary, Affinity Holdings, responsible for operations in the GCC region.

(Reuters) -AbbVie expects its share of Botox in the aesthetics market to remain strong in the fourth quarter, despite recent launches of newer, longer-acting products by rivals, a company executive said on Wednesday.

DocGo (DCGO) shares plunged after short seller Fuzzy Panda Research released a report on the company, telling investors it is short the stock as its problems go even deeper than the market realizes.

NEW DELHI : Akumentis Healthcare Ltd has launched a cannabis plant-based medicine in the market to treat seizures in toddlers. The drug, approved by the Drug Controller General of India, is specifically formulated to address seizures associated with Lennox-Gastaut Syndrome, Dravet Syndrome, or Tuberous Sclerosis Complex, the company said.

Terminologies defining diseases in ayurveda, unani and siddha systems of medicine have been included in the World Health Organization's International Classification of Diseases (ICD) 11th revision, the Ayush ministry said on Wednesday. This will lead to global uniformity in ayurveda, unani and siddha medicines as a code for defining diseases.

Sectorally, buying was seen in consumer durables, infrastructure, healthcare, IT and metal stocks while public sector, oil & gas, FMCG and utilities saw some selling pressure. Stocks that were in focus on Wednesday include names like Network18 Media & Investment, which was up 20%, Cochin Shipyard which hit a fresh record high and closed with gains of 20% and GlaxoSmithKline Pharmaceuticals which rose more than 5%. We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view. Here’s what Anand James, chief market strategist, Geojit Financial Services, had to say:

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

With the cost of everything piling pressure on household finances, Americans are facing another year of significant increases in the cost of private health insurance.

Mobility solution provider Gilco Global has announced that it has join hands with medical devise company Fesia Technology for a strategic collaboration in neuro rehabilitation field in India. Expressing enthusiasm about the collaboration, Aman Moudgil, Director of Gilco Global, said, «We are thrilled to embark on this collaborative journey with Fesia Technology. Together, we envision pushing the boundaries of innovation and contributing significantly to the sector.»

Akumentis Healthcare on Wednesday said it has introduced a drug for the treatment of epilepsy. The Mumbai-based company has launched Clasepi, a DCGI-approved prescription cannabidiol (CBD) specifically formulated to address seizures linked with Lennox-Gastaut Syndrome (LGS), Dravet Syndrome, or Tuberous Sclerosis Complex (TSC) in patients aged 1 year and older, it said in a statement.

In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of their stakes in the IPO. Chhatwal owns 3.69% stake in the company, while Medimatter and Bessemer hold 27.94% and 35.92% stakes, respectively. Investors can bid for 35 shares in one lot and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors. On listing, Medi Assist will be the first insurance third-party administrator (TPA) in India to hit the Street.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

A new combination of health insurance and healthcare has been launched in India, with the managed healthcare or integrated healthcare scheme announced by Narayana Health Insurance. It aims to do away with the misalignment of incentives in the traditional health insurance model, and lays emphasis on proactive diagnosis and treatment. In the traditional health insurance model, the healthcare provider and the payer of the healthcare, the insurer, find themselves at odds, the conflict taking place at the expense of the consumer/patient.

₹397 to ₹418 per equity share of the face value of ₹5. The Medi Assist IPO date of subscription is scheduled for Monday, January 15, and will close on Wednesday, January 17.

By Daniel Wiessner

US Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as employees rather than less expensive independent contractors, in a move that has riled business groups and will likely prompt legal challenges. The rule is widely expected to increase labour costs for industries that rely on contract labour or freelancers, such as trucking, manufacturing, healthcare and app-based "gig" services. Most federal and state labour laws, such as those requiring a minimum wage and overtime pay, apply only to a company's employees.

(Government of India’s flagship public health insurance scheme), the Global Learning Collaborative for Health Systems Resilience and the Asia Pacific Cardiovascular Disease Alliance. Through efforts such as the India Health Systems Collaborative, ACCESS Health promotes knowledge sharing and seeks to enhance healthcare systems globally.

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