Wockhardt registers healthy growth in sales, operating margins and new acquisitions in ’08, but drags over MTM losses

Wockhardt Limited recently announced its financial results for ’08.

Wockhardt settles Entacapone patent and license agreement with Orion Corporation

Wockhardt Limited have uted the Entacapone patent settlement and license agreement with Orion Corporation in US.

Narayana Hrudayalaya plans health city in Mexico

Indian hospital major Narayana Hrudayalaya plans to set up a health city in Mexico that will also cater to patients from the US.

Philips, GE, Siemens eye Larson and Toubro medical division

International majors such as Philips, General Electric (GE) and Siemens are believed to be in the race for acquiring the medical equipment business of Larsen and Toubro (L&T).

Apollo Hospitals, Merck arm to set up diabetes clinics

Apollo Hospitals group along with MSD Pharmaceuticals, a subsidiary of US drug major Merck & Co, is setting up “Sugar Clinics” to tackle diabetes in the country.

Hindustan Latex to manufacture medical devices

Condom major Hindustan Latex Limited (HLL) has announced it will set up a MediPark near Chennai to manufacture diagnostic devices to boost the INR 25 billion medical devices market.

Indu Projects, Care, Hopkins to jointly set up health city

A consortium of real estate developer Indu Projects, US-based healthcare major John Hopkins and Hyderabad-based CARE Hospital is setting up a 2,000-bed health city in Nagpur. The consortium will invest around INR 750 crore in the project through a combination of debt and equity.

HCL Info bags US$ 23 m deal for Pan-African project

Domestic IT major HCL Infosystems has bagged a US$ 23 million deal to implement IT infrastructure for the Pan-African e-Network Project, which provides tele-education and tele-medicine.

Apollo lines up INR 1000 cr for buys in Spain, Peru

Having failed to identify suitable targets in the UK, Apollo Hospitals is eyeing acquisition opportunities in other markets. The company is scouting for opportunities in Spain and Peru and eyeing tertiary level hospitals in both countries. The move will enable Apollo to gain a foothold in the European and Latin American markets.

TPG may buy 30% stake in Manipal for INR 500 cr

Private equity (PE) giant Texas Pacific Group (TPG)-controlled Parkway Hospital in Singapore is leading the race to acquire 25-30% stake in Bangalore-headquartered Manipal Hospital for over INR 500 crore, sources said.

Manipal group to buy 40% in Kerala hospital for INR 100 cr

The Manipal group is close to acquiring a substantial stake and management control in Kochi-based Lakeshore Hospital, a super-specialty medical centre and a pioneer in medical tourism initiatives.

Preparing for the HEALTHCARE BOOM : Sarita Falcao, Research Associate,eHEALTH

[This article was published in the March 2008 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]

9 million jobs are expected to be created in the health care industry by 2012. Find out where, why and who stand to gain the most.

Dr. Lal Path Labs

[This article was published in the March 2008 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]

Dr. Lal Path Labs was established in 1949 by Major S.K. Lal. One of India�s largest medical diagnostics company, it is primarily Delhi-based, though it has a pan-India presence.