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: $430 million.
Intel Technology India Pvt Ltd in collaboration with other Intel World Ahead Program Alliance members and the Government of India, have announced a number of initiatives to help transform healthcare and education in the old city of Chandini Chowk, in the country
US-based Medtronic, Inc. plans to buy a 15% stake in Shandong Weigao Group Medical Polymer Co., Ltd. for HKD 1.73 billion, or USD 220 million, the two companies jointly announced.
Philips appears to have completed its planned USD 5.1 billion purchase of home medical equipment supplier Respironics. The acquisition – the fourth in recent weeks for the Dutch IT vendor – would be Philips’ largest acquisition ever, according to published reports.
Chennai based medical technology company Trivitron Medical Systems, which recently offloaded an unspecified minority stake to HSBC Private Equity and venture capital firm ePlanet Ventures for USD 11 million, is planning to expand in a big way with a medical technology park, and acquiring domestic firms with a view to modernising them.
Soon US$ 4.5-million MRI machine will roll out in the Aspen and East Central Health regions to bring health scans in rural residents.
A pharma packaging company Bilcare Research of Pune has launched a product to help check the menace of counterfeit drugs. The product has a label with a unique bar code made out of nanotechnology and fingerprinting.
IT and R&D services provider MindTree Consulting, which announced a major organisational restructuring recently, plans to expand its business line to tap new markets.
The R&D services, which address industries like data networks, cellular networks, voice networks, telecom solutions, computing and storage systems, consumer appliances and industry systems, will enter new segments such as medical electronics, avionics and defence.
The Bangalore-based firm has finally received some recognition with the World Economic Forum (WEF) choosing it as one of the 39 technology pioneers from a list of 273 nominees. Neurosynaptics, the only company from India in a list dominated by 23 US firms, has been picked for its ReMeDi (Remote Medical Diagnostics) range of products.
The government will allocate INR 1,360 billion (USD 34.50 billion) for healthcare in the 11th Five-Year Plan (2007-12), up from INR 450 billion in the previous plan, said Union Health Minister Anbumani Ramadoss. He also said that the government will introduce a ‘health smart card’ under the National School Health Programme for every school-going child.
The pharma sector may have underperformed in the Sensex , but companies providing contract research and manufacturing services (CRAMS) to global pharma companies have given good returns.
IBM is targeting multi-billion dollar health business opportunities in India. The company has plans to tap opportunities worth $1 billion each in the Indian pharmaceuticals and health service segments over the next 3-4 years.
ICICI Venture is planning to float a company that will buy medium-sized hospitals and pharmacy chains and act as a holding company for the fund
