International Hospital Limited (IHL), a wholly owned subsidiary of Fortis Healthcare Limited, along with Oscar Investments Limited (OIL) has completed the acquisition of 62.17 per cent of the equity share capital of Malar Hospitals Limited (MHL), Chennai, for a consideration of INR 34.68 crore.
Diversified business conglomerate Mayar Group said recently it will set up a chain of medical spa centres in the country with an investment of Rs 400 crore in the next three years and is also looking to have an inorganic growth in West Europe through acquisitions.
Life Insurance Corporation of India (LIC) has launched its first long-term unit-linked health insurance policy called Health Plus, which will provide health cover for an entire family.
Wockhardt Hospitals, associate of Harvard Medical International (HMI) a self supporting not-for-profit subsidiary of Harvard Medical School has chalked out a growth strategy with an investment of INR 5.69 billion in expanding, developing and constructing both greenfield and brownfield expansion plans.
Andhra Pradesh (India) Chief Minister Y.S. Rajasekhara Reddy has announced that mobile clinics will tour villages and telemedicine would be introduced through the
[This article was published in the February 2008 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]
NEWS REVIEW
ICICI Venture, part of the financial conglomerate, the ICICI Group, has announced that it has taken a majority stake in the Mysore-based healthcare company, Vikram Hospital Private Ltd (VHPL).
Singapore’s Parkway Group, which owns one of Asia’s largest hospital chains, plans to pick up 50% stake in Mumbai-based Khubchandani Hospitals for INR 155 crore.
Punjab Government has chalked out a comprehensive plan to restructure the complete network of Veterinary Hospital and Poly Clinics in the state by spending INR 30 crore on their upgration.
Punjab Health Sector Reforms Programme (PHSRP) of Pakistan will monitor all the activities of all doctors, nurses and paramedical staffs working in health facilities across the region.
Fortis Healthcare is exploring possibilities of a joint venture with Emaar MGF for setting up of hospitals.
The fund, it is said, will be invested in sectors such as medical devices, life sciences, wireless technologies, automotive infotronics and energy conservation.
