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Private Equity (PE) investments in the domestic healthcare and pharma industry have touched around $400 million during the first nine months of the year. This trend is set to accelerate as companies go for overseas acquisitions, hive off their R&D units, and Foreign Currency Convertible Bonds (FCCB) lose their sheen.
Thermo Fisher Scientific Inc. , the world leader in serving science, today announced it has broken ground on a new USD 17 million facility in Ahmadabad, India, to support growing demand for biopharma services in that country.
The multi-million dollar Hinduja group has finally revealed its plans of investing in India’s sunrise sectors like healthcare and insurance.
The Equinoctial Technology University in Ecuador opened a telemedicine centre, which will use satellite connections to provide better healthcare to and train medical staff in remote areas like the Galapagos Islands.
Fortis, one of India
Perot Systems, the second largest solution providers for the healthcare vertical in the US, having a $1.25 billion business in the healthcare industry, recently set up shop in Tamil Nadu.
In India, the solution provider now has set-ups in Chennai and Coimbatore (in Tamil Nadu) apart from ones in Bangalore and Noida.
Recently, Arizona Health-e Connection has received the national innovation award for its best practices in promoting healthcare IT adoption for its state.
GE Healthcare
Given the vast number of workers to be covered, the new Health Insurance Scheme (HIS) would be implemented in a phased manner. Initially workers living Below the Poverty Line (BPL) are to be covered in next five years.
Apollo Hospitals Group, in a bid to further expand its healthcare business has firmed up its plans for establishing a presence in Mumbai.
Sobha Renaissance Information Technology (SRIT) have announced its Joint Venture (JV) with Capital Technic Group (CTG), an Australian Management Consulting & Services firm. The joint-venture capitalized at Australian $2.5m aims to produce $7.5m in annual revenues by the second year and ramping up to $65m by the fifth.
The Indian private health industry is entering into partnerships with state governments to offer low-cost healthcare to masses. Healthcare giants such as the Apollo Group and Wockhardt Hospitals are among those entering into partnerships with various state governments to provide these services.
Keen to take advantage of low-cost healthcare in India, US insurance firms are drawing up attractive medical tourism packages with Indian hospitals to facilitate travel and treatment for its citizens there.
