The government plans to launch special drug stores that will sell generic medicines as part of its efforts to provide affordable medicines to poorer sections of the society. The idea to provide cheaper but good-quality medicines to less privileged is in line with the UPA
Cornered by a shortage of doctors and medical specialists in the country, the Centre plans to start colleges attached to hospitals run by the Employees’ State Insurance Corporation (ESIC).
A consortium of real estate developer Indu Projects, US-based healthcare major John Hopkins and Hyderabad-based CARE Hospital is setting up a 2,000-bed health city in Nagpur. The consortium will invest around INR 750 crore in the project through a combination of debt and equity.
Quicker access to cardiologists, neurologists or radiologists even in remote places in Karnataka is now a possibility, thanks to advances in telecommunication. Cardiac emergencies like thrombosis are now being attended to by trained doctors at the Chamarajanagar district hospital and at 19 public health centres (PHCs) under the Karuna Trust.
Healthcare services provider Kerela Institute of Medical Sciences is looking to acquire two hospitals in South India and has earmarked a budget of INR 300 crore for the purpose.
Fortis Healthworld has acquired CRS Health, a Delhi-based pharma and wellness retail chain. It is also planning to rebrand itself and the pharma chains it acquires in future as Religare Wellness.
Though the Calcutta Medical College and Hospital (CMCH) will soon be upgraded to the status of All India Institute of Medical Sciences (AIIMS), it will still lack modern treatment facilities for patients suffering from cancer.
An ICICI Venture associate fund and a Singapore-based private equity (PE) player are in talks to invest INR 300 crore in Kerala Institute of Medical Sciences (KIMS).
Multi-speciality healthcare provider Global Hospitals Group will soon launch a hospital with 500 beds in Chennai.
Medical service provider Fortis Health Care plans to set up an institute, which will also house a cancer research hospital, in Punjab at an initial investment of INR 100 crore.
Piramal Healthcare is set to clinch yet another in-licensing deal. The company has concluded a marketing deal with US-based firm BioElectronics to market the latter
World Bank group member International Finance Corporation has said it will invest INR 55 crore (USD 14 million) in Delhi-based Rockland Hospitals to support its expansion plans.
