Health and hospital
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Franchise India Bureau Jun 28 2018 - 2 min readHyderabad-based Krishna Institute of Medical Sciences (KIMS Hospitals) has received an investment fund of over $130 million from Global growth equity firm General Atlantic. The investment is a combination of primary capital and secondary purchases to acquire a significant minority stake in the company. Set up in 2004 by Bhaskar Rao, ...
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Franchise India Bureau Jun 07 2018 - 2 min readThe Nita Ambani-led Reliance Foundation has joined the race to buy the troubled Seven Hills Hospital in Marol. Reliance Foundation is now among 15 entities who have submitted their expression of interest documents to buy the hospital, once touted as Mumbai first 7-star health facility. According to sources in ...
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Franchise India Bureau May 07 2018 - 2 min readTata Trusts has announced to set up and manage a state-of-the-art cancer treatment and research hospital in Bhubaneswar. Odisha government on Sunday signed a memorandum of understanding (MoU) with Tata Trusts for the same. The state government will provide 25-acre land free of cost for the Tata’s Cancer Care Centre, which ...
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Franchise India Bureau Mar 27 2018 - 1 min readFortis Healthcare Ltd has received an unsolicited non-binding acquisition proposal from Manipal Health Enterprises Pvt. Ltd, backed by private equity firm TPG Capital, amid separate media reports of a likely merger between the two hospital chains. Fortis in its disclosure said the proposal is being evaluated by the board Shares of the company were down ...
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Franchise India Bureau Feb 12 2018 - 2 min readAster DM Healthcare Ltd has raised Rs 294.04 crore ($45.68 million) from anchor investors including Canadian pension fund CDPQ and UK-based First State Investments ahead of its initial public offering. Started by non-resident Indian businessman Azad Moopen, the Company allotted 15.47 million shares at the upper end of the Rs 180-190 price band to seven ...