The recently introduced Clinical Establishments (Registration and Regulation) Bill, 2007 has drawn concerns from the healthcare industry. The Bill aims for a national footprint by providing for the registration and regulation of clinical establishments in the country with a view to prescribe minimum standards of facilities and services which may be provided by them.
German industrial giant, the Bosch Group, has acquired US telehealth specialist and innovator Health Hero Network Inc., which focuses on remote health monitoring.
FMCG major Godrej Industries has announced that it has signed an agreement to transfer its medical diagnostics division to ICICI Venture-backed RFCL for an undisclosed amount.
Offshore outsourcing company and IT giant Mastek is raising $40 million in order to acquire companies with intellectual property rights in the insurance and healthcare space.
The Indian sales and marketing arm of GE Healthcare, the world
Even as a lack of clarity in regulations is preventing Indian medical device manufacturers from making their presence felt in the USD 2 billion domestic medical equipment market, foreign players, mostly from the United States, are increasingly finding the country a preferred destination.
The firms plan on using advanced technologies to find cheaper ways to discover blockages in the heart, tumours
A leading private hospital group here has tied up with a premier Indian healthcare provider to facilitate state-of-the-art medical services in the Island nation.
Baltimore-based Visicu Inc., which went public less than two years ago, has agreed to be acquired by the healthcare unit of Netherlands-based electronics giant Royal Philips Electronics. The price: $430 million.
US-based Medtronic, Inc. plans to buy a 15% stake in Shandong Weigao Group Medical Polymer Co., Ltd. for HKD 1.73 billion, or USD 220 million, the two companies jointly announced.
Philips appears to have completed its planned USD 5.1 billion purchase of home medical equipment supplier Respironics. The acquisition – the fourth in recent weeks for the Dutch IT vendor – would be Philips’ largest acquisition ever, according to published reports.
US-based Polycom Inc, which provides a range of communications equipment enabling enterprise users to conduct video, voice, data and web communications, is focussing on South India for growth with the company witnessing demand for its products from state governments, tele-medicine and tele-education projects.
Chennai based medical technology company Trivitron Medical Systems, which recently offloaded an unspecified minority stake to HSBC Private Equity and venture capital firm ePlanet Ventures for USD 11 million, is planning to expand in a big way with a medical technology park, and acquiring domestic firms with a view to modernising them.
