Hospital Financial News

The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India

“We are pampered there. Even our diet preferences, like turmeric milk at sundown, are known to the staff,” says Ganapathy, who has retired from Tata Coffee. For the couple, familiarity breeds comfort. They stay for 10-15 days at a stretch at the hotel. “We get personalised service and even assistance with unpacking,” says Jemmy.

Oravel Stays, the parent company of the travel company Oyo, said it has agreed to acquire G6 Hospitality, a lodging franchisor and parent company of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. Private equity giant Blackstone said the deal is expected to close before the end of the year, and would include the chain's offshoot hotel brand, Studio 6. «This acquisition is a significant milestone for a startup company like us to strengthen our international presence. Motel 6's strong brand recognition, financial profile and network in the US, combined with OYO's entrepreneurial spirit will be instrumental in charting a sustainable path forward for the company which will continue to operate as a separate entity,» said Gautam Swaroop, CEO of Oyo International.

West Bengal junior doctors on Friday confirmed that they will partially resume work in state-run hospitals from Saturday. The resumption of medical duties coincides with floods that have impacted parts of West Bengal. Junior doctors will reportedly work towards providing relief to civilians affected due to the natural disaster.

Sealdah court on Friday extended the CBI custody of RG Kar Medical College and Hospital's former principal Sandip Ghosh and Tala police station officer incharge Abhijit Mondal till September 25. The two have been arrested in connection with the rape and murder of a trainee doctor. Ghosh was arrested by the CBI on September 2 for his alleged involvement in the financial irregularities at the hospital amid the protests over the rape and murder of the on-duty trainee doctor. He was later accused of evidence tampering in the rape-murder case. On Thursday, Ghosh's medical license was cancelled.

I am a central government employee covered under the Central Government Health Scheme (CGHS). Given the range of benefits provided by CGHS, is it advisable to purchase additional health insurance? Are there any limitations in CGHS? Prableen Bajpai, Founder, FinFix Research and Analytics: The CGHS offers comprehensive healthcare services to central government employees, pensioners and their dependants, providing a wide range of benefits. However, an additional health cover may be considered for more choice and freedom. Here are the scenarios in which a second insurance can help.

A memorial of teddy bears and other toys has been growing on the lawn outside of a home where a five-year-old boy was found dead in Coteau-du-Lac, Que., about 55 kilometres southwest of Montreal.

Members of a Senate committee looking into the bankruptcy of Texas-based Steward Health Care have adopted two resolutions designed to hold CEO Ralph de la Torre in contempt for not testifying before the panel

Electronic pagers that were popular status symbols in the 1990s are used for communication precisely because they are old school

West Bengal government on Thursday issued a list of directives on the safety, security and efficient functioning of healthcare professionals, saying those orders need to be implemented immediately. The directives came a day after the government held a meeting with agitating junior doctors over the same issues. In a two-page communication, Chief Secretary Manoj Pant to Principal Secretary (health) NS Nigam, the directions mentioned the need for «adequate availability of on-duty rooms, washrooms, CCTVs, drinking water facilities in the healthcare facilities.» Works in this connection must be completed as early as possible, it mentioned in one of the 10 directives issued.

Subscribe to enjoy similar stories. BEIRUT—At 3:25 p.m. Tuesday, two members of Iran-backed militant group Hezbollah were eating lunch at a shopping mall in the Lebanese capital when the pager one of the men was carrying exploded, leaving him severely injured and bleeding from the arms and eyes.

Israel’s defense minister has declared the start of a “new phase” of the war as Israel turns its focus toward the northern front against Hezbollah militants in Lebanon

Reasons for re-evaluation of a family health insurance plan Securing your family with a comprehensive family health insurance plan is a wise decision. But what next? Sit back, relax, and be rest assured that you have complete financial protection when a medical emergency strikes? That may be the case, but not always.

Lebanon is in the grip of panic following a second wave of deadly explosions targeting Hezbollah’s communication devices. Just one day after hundreds of pagers detonated simultaneously across the country, a new round of explosions rocked Lebanon, leaving at least 26 people dead and thousands injured. The devices, believed to have been tampered with, were vital to Hezbollah operations and have been widely used by the militant group. The coordinated nature of the attacks, targeting pagers, walkie-talkies, laptops, and even solar panels, has heightened tensions between Hezbollah and Israel, who are engaged in long-standing hostilities.

Enforcement Directorate has summoned TMC MLA Sudipta Roy for questioning in a money laundering case linked to alleged financial irregularities in the Kolkata-based R G Kar Hospital and Medical College, official sources said Thursday. Roy is the president of the West Bengal Medical Council and also holds charge of the R G Kar Patient's Welfare Committee. He has been questioned by the CBI in this case as it is also probing the alleged irregularities. The premises of the MLA from Serampore apart from that of some others, was searched hy the ED on Tuesday. Roy has been asked to appear at the ED office in Kolkata on Thursday for questioning in the case, the sources said.

Subscribe to enjoy similar stories. Singapore's Temasek Holdings is close to buying Peak XV's 18-20% stake in Bengaluru-based Cloudnine Hospitals for around $125 million, three people aware of the development said. The deal, which has been in the works for more than a year and a half, may value the specialist mother and baby care hospitalat around $600 million, the people cited above said on the condition of anonymity.

Canadian Armed Forces is launching an investigation after an accident sent more than a dozen soldiers to hospitals in Quebec.The incident, which occurred around 3 p.m.

hospital chain Aster DM Healthcare and Hyderabad-based Quality CARE India is in its final stages of negotiations, and the deal is expected to be signed by the end of this month, investment banking sources told ET. The likely swap ratio in the new merged entity is expected to be 55% for Aster DM and 45% for Quality CARE. The merger will proceed through a share swap via a scheme of amalgamation approved by the National Company Law Tribunal (NCLT) but without triggering an open offer, said the bankers.

RG Kar issue. Escorted by a pilot police vehicle, the delegation of around 30 medics reached the secretariat around 7.15 pm. They will hold a meeting with Chief Secretary Manoj Pant. «We want the issue of safety and security in hospitals to be addressed. The chief minister had announced the formation of a task force, but there is no proper clarity on it. We want the state government to accept our legitimate demands,» an agitating doctor said before leaving for the meeting venue.

Kerala from the UAE last week has been diagnosed with Mpox on Wednesday, a disease caused by the monkeypox virus (MPXV). On Monday, the 38-year-old individual was admitted to the government medical college hospital in Manjeri, Malappuram after exhibiting symptoms associated with the illness. Health Minister Veena George confirmed on Wednesday that samples taken from the patient were tested at the virology lab at the government medical college hospital in Kozhikode.

The record-breaking Lotto Max jackpot worth $80 million was split between two winning tickets — one sold in Ontario and one sold in Quebec, the OLG said.