Page 6 - Healthcare Sector

Max Healthcare up 9% in one week post Lucknow-based Sahara Hospital buyout

On December 8, Max Healthcare said it entered into a share purchase agreement for acquisition of 550 bedded Sahara Hospital, Lucknow.

Max Healthcare Institute acquires Starlit Medical Centre for Rs 940 crore

Within its current network, it has 3,533 beds, and following this acquisition, the total bed count would approximately touch around 4,083 beds

Margin gains likely to further boost Aster DM Healthcare stock price

The company had been keen to sell the stake in the GCC business for some time now given a hypercompetitive environment, lower growth (a third of the India business) and lower margins

Out of pocket expenditure projected to fall to 35% by FY26: Health secy

"Government interventions such as increase in expenditure via schemes has led to people saving more than Rs 5 trillion", he added

Aster DM Healthcare soars 15%; hits new high on stake sale plan in Gulf biz

The company announced on Tuesday that its subsidiary would sell its stake in Aster DM Healthcare FZC to Alpha GCC for $1.01 billion (Rs 8,125 crore).

India needs additional 2.4 mn hospital beds for recommended ratio: Report

India needs an additional 2.4 million (24 lakh) hospital beds to reach the recommended ratio of 3 beds per 1,000 people, fuelling the demand for healthcare-related real estate space, according to Knight Frank. Currently, India has an estimated 70,000 hospitals, of which 63 per cent are from the private sector, global real estate consultant Knight Frank and US-based Berkadia said in their report released on Thursday. "India is facing a deficit of 2 billion sq ft of healthcare space to cater to its current population base of 1.42 billion people," Knight Frank India said in a statement. India has a considerable gap between the number of hospital beds available in the country and the number of hospital beds required. "India's existing bed-to-population ratio is 1.3/1000 population (both private and public hospitals included), and there is a deficit of 1.7/1000 population. To cater to the existing population, there is an additional requirement of 2.4 million beds," the consultant ...

Baby showers to photoshoots, boutique hospitals redefine maternity care

The niche - and growing - segment within the healthcare industry targets an affluent clientele

Apollo Hospitals posts July-Sept standalone profit after tax of Rs 295 cr

Apollo Hospitals Enterprise Ltd has recorded a standalone profit after tax of Rs 294.8 crore for the three months ended September 30, 2023, the healthcare major said on Friday. Apollo Hospitals reported a standalone profit after tax of Rs 279.1 crore during the corresponding quarter last year. For the half-year period ended September 30, 2023, the standalone profit after tax stood at Rs 508.9 crore, as against Rs 612.3 crore registered in the same period last year, the company said on Friday. Total income on a standalone basis during the quarter under review grew to Rs 1,931.1 crore from Rs 1,758.5 crore during the corresponding quarter of the previous year. For the six-month period ended September 30, 2023, the standalone total income grew to Rs 3,637.3 crore against Rs 3,298.7 crore registered in the same period last year. In a statement, Apollo Hospitals said the board, based on the recommendations of the investment committee, has evaluated and approved an expansion plan for th

Dabur India looking for acquisitions with Rs 7,000 cr cash reserve: CEO

Homegrown FMCG maker Dabur India, armed with a cash reserve of Rs 7,000 crore, is scouting for acquisition opportunities in healthcare and home & personal care segments, according to its CEO Mohit Malhotra. Besides, Dabur is looking for acquisition opportunities in the online space, and with several D2C (Direct to Consumer) brands operating in it, it finds the valuation "more reasonable" now and will pursue it if it finds a suitable one for growth, he said. The company is scaling its presence in the online space, which includes e-commerce channels and D2C business, where it plans to introduce more innovations under existing brands and through inorganic opportunities. "We are introducing innovations there. Those innovations are coming on the back of existing brands and these innovations will come on the back of some new brands that we might launch or we are looking at an acquisition for a new brand," Malhotra told PTI. The company would pursue organic growth with new brand launches

India pitches for equitable access to essential healthcare products

India on Tuesday called for equitable access to essential healthcare products and their last-mile delivery to ensure innovations reach those who need the most. Addressing a meeting of the second World Local Production Forum (WLPF) at Hague in the Netherlands, Minister of State for Chemicals and Fertilisers Bhagwant Khuba urged the Forum to focus on "last-mile delivery of healthcare products to ensure that the benefits of innovations reach those who need them most and guarantee equitable access to essential healthcare products.". WLPF is an initiative of the World Health Organisation (WHO). The minister also said that the Forum must focus on marketing, upscaling regional manufacturing, efficient procurement and delivery systems, and repurposing existing infrastructure for efficient coordination during health emergencies, an official statement quoted Khuba as saying. He said this meeting provides a crucial opportunity to share experiences, challenges and successes in the development

Dr Lal PathLabs Q2 results: Profit jumps 54.8%, revenue rises 12.63%

Dr Lal PathLab's share price rose to 3.30 per cent, ending the day's trade at Rs 2,455 apiece on the BSE

India's healthcare ecosystem undergoing change: KPMG India co-head

KPMG-FICCI study suggests more than 20 new healthcare models emerging in India

Govt addressing lack of human resource supply in hospitals, says V K Paul

Paul highlights major infra push given in healthcare sector

Aster DM Healthcare's India unit draws suitors valuing business at $1.5 bn

Aster shares have soared about 40% this year, valuing the Mumbai-listed company at about $1.9 billion

Thousands of US healthcare workers go on strike over wages, staff shortages

Picketing began Wednesday morning at Kaiser Permanente hospitals as some 75,000 health care workers go on strike in Virginia, California and three other states over wages and staffing shortages, marking the latest major labour unrest in the United States. Kaiser Permanente is one of the country's larger insurers and health care system operators, with 39 hospitals nationwide. The non-profit company, based in Oakland, California, provides health coverage for nearly 13 million people, sending customers to clinics and hospitals it runs or contracts with to provide care. The Coalition of Kaiser Permanente Unions, representing about 85,000 of the health system's employees nationally, approved a strike for three days in California, Colorado, Oregon and Washington, and for one day in Virginia and Washington, DC. The strikers include licensed vocational nurses, home health aides and ultrasound sonographers, as well as technicians in radiology, X-ray, surgical, pharmacy and emergency ...

'AIIMS Delhi lived up to its reputation as premier healthcare institution'

Over the 68 years of existence, AIIMS-Delhi has truly lived up to its reputation as the premier healthcare institution of the country, Minister of State for Health S P Singh Baghel said on Monday. Presiding over the 68th Foundation Day celebrations of the All India Institute of Medical Sciences, New Delhi, he expressed happiness that for the sixth consecutive year, the institute has been ranked number one among medical institutions in the National Institute Ranking Framework of the Ministry of Education. The Union minister said that AIIMS has become a brand with its reputation spread across the country. Today, every child across India has heard the name of AIIMS, Baghel said. He encouraged officials to maintain this image and take the AIIMS brand to greater heights. The Union minister said that India's healthcare sector is now comparable to that of any developed country because of its highly trained human resources. Indians comprise a high percentage of doctors even in developed .

Pristyn Care looks to double revenue to Rs 2k cr, turn a profit by FY25

This comes at a time when firm has recently found itself in hot water after facing criticism from patients who claimed that the company forced them to undergo surgeries in a bid to rake in extra cash

Implementation of technology changed dynamics of healthcare delivery: Min

Speaking on National Digital Health Mission, mansukh Mandaviya said that the government is opening the Ayushman Bharat Health Account (ABHA)

England's NHS introduces 7-minute 'under the skin' cancer treatment

This new method allows cancer patients to receive the immunotherapy drug 'Atezolizumab' through an injection, as opposed to intravenous administration which can take up to an hour

Sales, margin outlook remain strong for P&G Hygiene and Healthcare

The company reported double-digit sales growth, and margin expansion in the June quarter