Corporate updates
Indian medical transcription provider acquired by CBay Systems
UK-listed healthcare services BPO firm CBaySystems has announced the acquisition of Nagpur-based medical transcription services provider Suyash Software in a cash and stock deal.
CII launches ‘Experience Indian Healthcare’ initiative
Medical value travel, more popularly termed ‘Medical Tourism’, was discussed at lenght as the next big window of opportunity at a recent conference organized by the Confederation of Indian Industries (CII) in association with Indian Healthcare Federation.
MarketRx with Cognizant for USD 135 mn
IT major Cognizant Technology Solutions has acquired New Jersey-based MarketRx, provider of analytics and related software services to global life sciences companies.
Mega Lifesciences, Thailand enters India
Thailand-based healthcare company Mega Lifesciences recently announced its foray into the Indian market with the launch of its oral consumption skincare range and said it will invest about USD 1 million to market the product in the country.
ICICI Venture, keen on part of healthcare pie invests USD 10 million in hospital chain
Private equity firm ICICI Venture has invested USD 10 million to pick a minority stake in urology hospital chain RG Stone Urological Research Institute.
USIBC launches healthcare mission to India
Seeking to expand Indo-U.S. healthcare cooperation, the U.S.-India Business Council’s (USIBC) ‘Coalition for Healthy India’ launched its inaugural utive mission to India.
Columbia Asia Group, DLF(H) to develop hospitals in India
Kuala Lumpur-based Columbia Asia Group of Hospitals recently announced that its Indian subsidiary, Columbia Asia Hospitals Pvt Ltd, has entered into an agreement with DLF Home Developers Ltd (DLFH) for the development of hospitals.
Cellworks Group Inc. forays into India through R & D centre in Bangalore
Cellworks Group Inc, a California based company, has set up its R&D centre in Bangalore, India. Cellworks Research India Limited (CRIL), the R&D centre of Cellworks, would develop and provide technology based solutions that hasten drug discovery research and development.
QRG Enterprises forays into India’s booming healthcare scene
QRG Enterprises, the promoter holding company of electrical equipment maker Havells India, has diversified its business by entering into healthcare.
GE Health’s new mantra:
GE Healthcare’s Indian arm, a joint venture between Wipro Ltd and General Electric Co., making a range of high-end technology products locally with support from its Japan unit, reducing the costs by about 40 percent, helping rural India market.
AHS to offload 15 per cent for USD 70 mn
Apollo Health Street (AHS), the healthcare business process outsourcing subsidiary of Apollo Group that runs India
Cisco, Wipro announce strategic alliance
Wipro has announced it will offer solutions based on Cisco products and services on a global basis, with the initial focus on India, Middle East and Africa.






