Mercom Capital Group, a communication and consulting firm specialising in health care technology and clean energy, has released the healthcare IT M&A and funding activity for the second quarter of 2010.
iSOFT Group has announced that it has won a USD 1 million contract with Advanced Medicare Research Institute (AMRI) Hospitals for an electronic health record (EHR) for six of its hospitals in India, after a competitive tender.
Veeda Oncology, a full service Oncology CRO with facilities in North America, Europe and India, has been awarded over USD 8.4 million of new clinical research programs.
[This article was published in the July 2010 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]
Fortis Healthcare plans to raise Fresh Fund
US-based private equity firm New Enterprise Associates Inc. (NEA) is betting big on the Indian healthcare story as it eyes investments in specialty hospital chains. Globally, nearly 40% of its total assets under management of $11 billion is invested in healthcare-related sectors and it proposes to attach a similar significance to its play in India.
Fortis Healthcare Ltd has lined up its fund-raising plans as it prepares for a possible takeover battle for Singapore-based Parkway Holdings.
ICICI Venture, India’s largest private equity player, is looking at selling I-Ven Pharma Capital Limited, a Special Purpose Vehicle, to Dr Reddy’s Labs (DRL), its exclusive partner in the SPV.
Nova Medical Centres, incubated by GTI, the specialised day care surgery centre, has completed its second round of private equity funding by raising the capital required for its Rs 250-crore project.
[This article was published in the June 2010 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]
News Review : June 2010
India has been making concerted efforts to bring down the maternal mortality ratio in the country. Maternal mortality ratio has come down to 254/1000 live births in 2006 from 301/1000 live births in the year 2003.
The World Bank has released a new five-year plan to help poor countries reduce their high fertility rates and prevent the widespread deaths of their mothers and children.
GE Healthcare, the healthcare business of GE (NYSE: GE) and CardioDx, a pioneer in cardiovascular genomic diagnostics, announced to have entered into a strategic alliance to advance and co-develop diagnostic technologies to improve the care and management of patients with cardiovascular disease.
