Core Diagnostics raises $12 mn from Eight Roads Ventures, others

December 02, 2016 | Joseph Rai

Core Diagnostics Pvt Ltd, which provides specialised diagnostics services, said it has raised $12 million (Rs 82 crore) from private equity firm Eight Roads Ventures and US-based F-Prime Capital Partners.

IFC invests $65.8 mn in Apollo Health & Lifestyle

December 01, 2016 | Ranjani Raghavan

International Finance Corporation (IFC) has invested Rs 450 crore ($65.8 million) in Apollo Health & Lifestyle Ltd (AHLL) in return for a 29.03% stake, the company informed stock exchanges. 

The investment values the firm at Rs 1,550 crore.

Indegene acquires US-based Encima Group

December 01, 2016 | Joseph Rai

Healthcare solutions provider Indegene Pvt. Ltd has bought US-based Encima Group in its third acquisition within a year.

The deal will help Indegene strengthen its analytics and omni-channel digital solutions capability for the pharmaceutical industry, the company said in a statement.

How scalable are IVF firms for PE/VC investments amid regulatory uncertainty?

November 29, 2016 | Joseph Rai

Just a couple of months after the Cabinet approved a bill to ban commercial surrogacy, two contrasting developments occurred in the in vitro fertilisation (IVF) market involving private equity players in the country.

Exclusive: Tulip Diagnostics in sale talks with overseas firms

November 23, 2016 | Ranjani Raghavan

Tulip Diagnostics Pvt. Ltd, a Goa-based in vitro diagnostics company, is in advanced talks to sell a majority stake in itself to an overseas strategic player, two people familiar with the development told VCCircle.

Why PE-backed IVF pioneer Bourn Hall is scaling down India biz

November 15, 2016 | Joseph Rai

Bourn Hall International, the UK-based pioneer of in-vitro fertilisation (IVF), is scaling down its operations in India five years after it opened its first clinic outside its home country in Kerala.

Cipla’s Ugandan unit plans IPO, hires banker

November 11, 2016 | Joseph Rai

Indian drugmaker Cipla said its subsidiary in Uganda, Cipla Quality Chemical Industries Ltd, plans to float an initial public offering and has hired an investment bank for the process.

Exclusive: Unitus Seed Fund to exit from eye-care firm

November 08, 2016 | Debjyoti Roy

Impact investment firm Unitus Seed Fund (USF) is selling its entire stake in one of its portfolio firms to a US-based healthcare company nearly three years after making the investment, a person privy to the development told VCCircle.

Exclusive: Wellspring Healthcare raises additional funds from existing investors

November 04, 2016 | Joseph Rai

Mumbai-based Wellspring Healthcare Pvt. Ltd, which operates under the brand Healthspring Community Medical Centres, has raised more funds from two of its existing investors around six months after it had received additional funds from them along with a bunch of other international investors.

How Artiman-backed medECUBE is scaling up

November 03, 2016 | Joseph Rai

Gurgaon-based medECUBE Healthcare India Pvt. Ltd, which offers care concierge services to international and Indian patients, has set up two regional offices abroad with two more to be launched soon as it is looking to tap the growth in the medical tourism market.



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