The Indian medical devices sector is seeing a surge in private equity (PE) investments, driven by promising opportunities and a rapidly expanding market. Since 2017, there have been about 59 PE transactions in this space, with deals increasing by 3.3 times compared to pre-COVID-19 levels.
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Prime Minister Narendra Modi has launched an expanded version of the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), extending healthcare coverage to all senior citizens aged 70 and above, irrespective of socio-economic status. The scheme provides a benefit cover of Rs 5 lakh per year, applicable at empaneled hospitals throughout the country.
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Ramaiah Memorial Hospital has inaugurated its new, state-of-the-art Ramaiah Stroke Center. This 24/7 multidisciplinary stroke management unit, complete with a Neurointensive Care Unit, is designed to deliver immediate and comprehensive stroke care to patients across the region.
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India has made substantial strides in reducing tuberculosis (TB) incidence, achieving a notable 17.7 Per cent drop from 237 cases per lakh population in 2015 to 195 in 2023, as revealed in the World Health Organisation’s (WHO) Global TB Report 2024, released on October 29.
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In a significant move, the Competition Commission of India (CCI) on Tuesday granted approval for Fortis Healthcare to acquire an additional 31.52per cent stake in Agilus Diagnostics, enhancing its ownership in the diagnostics company from 57.68per cent to 89.2 per cent.
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SumeetSSG, a collaboration between Sumeet Group Enterprises and Spain’s SSG Matrix, has announced a strategic initiative to enhance emergency medical services in India.
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Yatharth Hospitals has emerged as the successful bidder in the acquisition of a well-established super specialty hospital located in Model Town, New Delhi.
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Prime Minister Narendra Modi on Tuesday unveiled multiple projects related to the health sector worth around Rs 12,850 crore at the All India Institute of Ayurveda (AIIA) in the national capital on the occasion of 9th Ayurveda Day.
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Biocon has once again secured a spot in Science magazine's prestigious Top 10 Global Employers list. The company, along with its subsidiary Biocon Biologics, has been ranked No. 9 in the global biotech, pharma, and biopharma sectors, continuing its decade-long recognition as an industry innovator.
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Max Healthcare in collaboration with Mayo Clinic, a leading U.S. medical institution, has hosted the Global Cardiology Summit, ‘Cardiology Summa2024.’
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