Page 2 - Healthcare Sector

Yatharth Hospitals Q1FY25 result: Net profit up 60%, revenue rises 37%

The company reported 9 per cent on-year increase in its average revenue per occupied bed (Arpob) at Rs 30,551 in Q1FY25, with bed occupancy rising to 61 per cent in Q1 from 51 per cent last year

Patient influx, test volumes raise Metropolis Healthcare's profit by 31%

Commenting on the results, Ameera Shah, Executive Chairperson and Whole-time Director, Metropolis Healthcare, said that the company has consistently achieved high growth in patient volume

Dr Lal PathLabs Q1FY25 results: Net profit rises 28% to Rs 106 cr

Consolidated net profit rose 28 per cent to Rs 106 cr (around $13 million) for the quarter ended June 30, beating analysts' estimate of Rs 99.27 cr, per LSEG

Health Minister Nadda urges states to spend more on health infrastructure

Health Minister J P Nadda on Monday urged state governments to spend more on improving healthcare infrastructure and dismissed opposition allegations on reduction of allocations under the PM-Ayushman Bharat Healthcare Infrastructure Mission (PM-ABHIM). Replying to the debate on the demand for grants for the health and family welfare ministry in the Lok Sabha, Nadda listed the increase in number of medical colleges, steps taken for the reduction of out of pocket expenses on healthcare and initiatives for early screening of diseases such as cancer and sickle cell anaemia as achievements of the government. "We don't believe in just making announcements. We believe in effective planning, ensuring last mile delivery, identifying bottlenecks in last mile delivery and taking steps to remove them," the minister said. Nadda dared Trinamool Congress members, who were protesting, to tell the House why the West Bengal government had not shared the dengue registry with the Centre. On opposition

Aster DM Healthcare Q1FY25 results: Net profit rises 81.3% to Rs 81 cr

Analysts expect hospital chains in the region to benefit from the acute flu season that, apart from coinciding with the June quarter, is known to bring diseases such as dengue and malaria

Nomura ups target price for Fortis, sees 12% upside; reiterates 'Buy'

The global brokerage firm maintained its 'Buy' call for Fortis Healthcare with an updated twelve month forward target price of Rs 547, a 12 per cent upside to Monday's close

MGM Healthcare expands its footprint; acquires SevenHills Hospital

Founded in 1988, SevenHills is one of the oldest multi-specialty hospitals in Visakhapatnam and is renowned for providing high-quality care for over 35 years

Healthcare at new high; Lupin, Glenmark among 5 stocks for up to 15% upside

5 breakout pharma stocks: Glenmark, Lupin, Laurus Labs, Dr Lal PathLabs and Zydus Life can potentially rally up to 15 per cent, suggest charts.

AI to be gamechanger for India in citizen services: Salesforce's Arundhati

AI's cross-border nature will require a 'Global Compact' to ensure its benefits reach all of humanity and to safeguard against any potential misuse, Arundhati Bhattacharya, the top boss of Salesforce India has said exuding confidence that for India, Artificial Intelligence will be a "gamechanger" in delivery of public services. Bhattacharya, the CEO and Chairperson of Salesforce India and former Chairperson of the SBI, said that AI is poised to bring about a transformation in every sphere - from healthcare to diagnostics, and education to skilling. The advent of this futuristic technology will benefit India in a big way, firing the engines of public service delivery, at scale and lower cost, she observed. In an interview with PTI, Bhattacharya also highlighted the need for a 'Global Compact' on AI, given the cross-border nature of technology and its impact. Bhattacharya said she is convinced that AI would benefit society, but in the wrong hands it can be prove to be "quite harmful"

Two dozen companies working to find bird flu vaccine for cows: US agri secy

Bird flu has infected 90 dairy herds across 12 states since late March, according to the US Department of Agriculture (USDA). Three dairy farm workers also have been infected with the virus

WHO calls for boosting collaboration between health, environment sectors

The WHO on Wednesday called for strengthening collaboration between the health and environment sectors to address shared challenges. It is imperative to advocate for policies that prioritise environmental sustainability and public health, and invest in research and innovation to develop sustainable healthcare practices, Saima Wazed, WHO Regional Director for South-East Asia said on the World Environment Day. She urged the public health community to join the efforts towards land restoration, halting desertification and building drought resilience "The worrying reality is that our region records the highest number of deaths from climate change annually amongst all WHO regions. Climate change and biodiversity loss already pose major threats to health, the regional economy and livelihoods across our region," Wazed stated. World Environment Day is celebrated annually on June 5, after it was established at the Stockholm Conference on the Human Environment in 1972. This year the focus is

Follow fire protocol at hospitals to a T: Union health secy to states

Union Health Secretary Apurva Chandra on Monday called for strict compliance with fire-safety protocols in a meeting with states and healthcare organisations, citing an increased possibility of fires in hospitals with high temperatures. With the entire northern region reeling under a prolonged heatwave, incidents of fire, including in forests, are increasingly being reported. Several of these fire incidents were reported to be caused by short circuits which happened due to sub-optimal electrical maintenance and/or overload of electricity lines with heavy use of air-conditioners and other equipment. "Given the potential risks associated with fire hazards in hospitals, it is imperative that strict protocols and measures be put in place to prevent, detect and respond to fires effectively. "Establishing a robust fire safety plan and conducting fire-evacuation and safety drills will not only ensure compliance with regulatory requirements but also safeguard lives and property," Chandra .

Medtronic appoints Mandeep Singh Kumar as Vice President of India business

In his new role, Mandeep Singh Kumar will be responsible for overseeing sales, marketing, and commercial operations for Medtronic's business in India

Fortis plans to add 700 beds in FY25: MD & CEO Ashutosh Raghuvanshi

Raghuvanshi provides an overview of the company's FY24 performance and expansion plans for FY25

Healthcare sector most violative of advertisement rules, says Asci report

For the first time, the baby care sector has made it to the list of top 10 violators owing to influencers promoting products and services without disclosing material connections

Looking to add around 1,000 beds by early FY26: Max Healthcare CMD Soi

Soi gives an overview of the company's performance in FY24 and its expansion plans for FY25

KKR acquires minority stake in Healthcare BPO firm Infinx for Rs 1,250 cr

Founded in 2012, Infinx is a provider of innovative, data-driven revenue cycle management solutions for the healthcare sector, with a particular focus on the US market

BHU study on Covaxin side effects poorly designed: ICMR director Bahl

The Indian Council of Medical Research Director General Dr Rajiv Bahl on Monday criticised a recently published study on the long-term safety analysis of the Covaxin in adults and adolescents for its poor methodology and design, and clarified the article misleadingly and erroneously "acknowledges" ICMR. Dr Bahl said the study had no control arm of unvaccinated individuals for comparing the rates of events between the vaccinated and unvaccinated groups. Hence, the reported events in the study cannot be linked or attributed to COVID-19 vaccination. The ICMR is not associated with the study and has not provided any financial or technical support for the research, Dr Bahl said. The ICMR DG has written a letter to the authors of the paper and Editor of the journal to immediately remove the acknowledgement to ICMR and publish an erratum. A research paper, titled 'Long-Term Safety Analysis of the BBVl52 Coronavirus Vaccine in Adolescents and Adults: Findings from a l-Year Prospective Stud

Hospital players enhance focus on cancer care amid a surge in cases

By 2025, cancer cases projected to hit 1.57 million, up 13% from 2020

Indian GenAI platform Hanooman goes live in 98 global languages

The platform is presently accessible for free, and the premium subscription plan will be launched later this year, said the company