Manipal further sweetens offer for Fortis Healthcare

NEW DELHI: The Manipal-TPG combine today revised the offer for Fortis Healthcare by committing to invest in the cash-strapped firm at Rs 180 per share, thus increasing the valuation to…

Split Fortis Board didn’t heed its advisers on sale

New Delhi: Five of the eight members of the Fortis board went against the recommendations of financial advisers Arpwood Capital and Standard Chartered Bank, and even that of legal adviser…

Psychiatrist Dr Santhakumar dead

KOZHIKODE: Eminent psychiatrist and founder-director of the Institute of Mental Health and Neuro Sciences (IMHANS), Dr S Santhakumar, 87, passed away here on Thursday. Santhakumar had been undergoing treatment for…

Hero-Dabur emerge victorious in the battle for Fortis Healthcare

NEW DELHI: After a marathon meeting, the Fortis board late on Thursday chose the Hero Enterprise-Burman Family offer as the preferred buyer for the country’s second largest hospital chain. The…

GMCH faculty spar over principal, director posts

CHANDIGARH: Though the process for selection of director principal at Government Medical College and hospital (GMCH)-32 has started, first time there is a growing demand by the faculty for segregation…

Latest bid for India’s Fortis “more risky”, says Manipal CEO

India’s privately held Manipal Hospitals had to take a “more risky” approach in its latest bid for domestic rival Fortis Healthcare to see off rival suitors, Manipal’s Chief Executive Ranjan…

PWD demands Rs 151 crore for Sassoon hospital building work

PUNE: The public works department demanded Rs 151 crore from the state government in the supplementary budget ahead of the monsoon session of the assembly to complete the pending work…

Cheaper, faster DNA tests make diagnosis better

Mumbai: Delhi IT professional Salim Khan Cheaper, faster DNA tests make diagnosis better considers his brush with genomics at KEM Hospital in Parel a medical wonder. He had painfully accepted…

Manipal-TPG’s new offer for Fortis, values it at Rs 8,358 cr

Mumbai, The consortium of Manipal Health Enterprises (MHEPL) and private equity (PE) firm TPG Asia on Sunday revised their offer to acquire a stake in Fortis Healthcare, proposing to infuse…

Fortis appoints Arpwood Capital to advise on sale bids

New Delhi, May 4 : Fortis Healthcare today said it has appointed Arpwood Capital Private Ltd to advise the board on various sale bids. The firm will act as financial…