Page 6 - Health Sector

Fortis Healthcare Q2 profit up 5%, revenue rises 12% on strong hospital biz

The company's revenue from operations rose to Rs 1,988 crore in Q2 FY25, a 12.3 per cent Y-o-Y increase from Rs 1,770 crore reported in Q2 FY24

Medanta signs O&M pact for 750 bed hospital in Delhi, to invest Rs 600 cr

"The hospital is expected to commence operations in around four years, subject to necessary statutory and customary approvals"

TN youth from UAE tested negative for Mpox: Health minister Subramanian

A 27-year-old native of Thiruvarur district, who had arrived from Sharjah, has tested negative for monkey pox, Health Minister Ma Subramanian said here on Saturday. A sample has, however, been sent to Pune-based National Institute of Virology to get it retested for confirmation, the minister told reporters. On October 31, upon his arrival at Tiruchirappalli airport from the UAE, during screening, he displayed fever symptoms and small skin lesions. Hence, he was taken to KAP Government Medical College Hospital. Subramanian said the returnee had been frightened and hence left for his hometown of Valangaiman in Thiruvarur district. "This treatment is for his good and in order to prevent the spread of infection," the minister said. Hence, he was brought back to the hospital by the authorities with police help and he has been receiving good treatment at the state-run facility. Further, Subramanian said that the first test result, showing negative for presence of Mpox virus, was from the

India records 17.7% decline in TB incidence from 2015 to 2023: WHO report

India has recorded a 17.7 per cent decline in tuberculosis incidence from 237 per lakh population in 2015 to 195 in 2023, which is more than double the global decline of 8.3 per cent, Health Ministry sources have said citing a WHO report. In its Global TB Report 2024 released on October 29, WHO has acknowledged the tremendous progress India has made in closing the gap of missed tuberculosis cases since 2015, the sources said. "In 2023, India is estimated to have had 27 lakh TB cases, of which 25.1 lakh were diagnosed and put on treatment. This has buoyed India's treatment coverage to 89 per cent in 2023 from 72 per cent in 2015, thereby bridging the gap of missing cases," an official source said. The source said WHO has "acknowledged a drop in India's tuberculosis incidence from 237 per lakh population in 2015, to 195 per lakh population in 2023 accounting for a 17.7 per cent decline. "This is more than double the pace of decline as compared to the global decline of 8.3 per cent,"

Govt proposes crisis management plan to tackle zoonotic disease outbreaks

The plan emphasises the need for rapid action and continuous monitoring to minimise the impact of these diseases

PM Modi extends Ayushman Bharat scheme to citizens aged above 70 years

The scheme has been extended to all the senior citizens above the age of 70 years irrespective of their income group. The Centre expects that the scheme will benefit 45 million families

Indian population saw 30% increase in ANAs post Covid-19, says study

ANAs are proteins produced by the immune system that mistakenly target the body's own cells, leading to tissue damage and autoimmune diseases like rheumatoid arthritis and thyroid disorders

New Lancet report sets goal to cut chances of early death globally in half

Ahead of the 2024 World Health Summit, in which the World Health Organization (WHO) is a partner, a new report by the Lancet Commission on 'Investing in Health' has set a goal of cutting the probability of premature deaths around the world in half by 2050. Seven of the 30 most populous countries, including Bangladesh, Ethiopia, Iran, and Turkiye, are on track to meeting the "ambitious," yet "feasible" goal, which the report's authors have called '50-by-50'. The international team includes authors from institutions such as Harvard University's School of Public Health, the WHO, and Public Health Foundation of India, New Delhi. They explained that on average, a 2019-born person had a 31 per cent chance of dying before turning 70 years of age. If the 50-by-50 goal was achieved globally, a 2050-born individual can expect to have only a 15 per cent chance of dying before turning 70, they said. The authors said that the gains made by the seven countries in slashing chances of early death

Good Glamm Group acquires Sirona Hygiene for Rs 450 cr in all-cash deal

This marks one of the largest cash exits for a direct-to-consumer startup in the women's health and well-being space

Glucometer maker Morepen Labs to hive off medical devices business

Expanding capacities, backward integrating production and eyeing US market for exports

Rising demand sparks expansion of women, child care services by hospitals

Hospital sector insiders say that there is rising demand for specialised maternal and child healthcare services such as obstetrics, gynaecology, infertility, neonatology, and paediatrics

Draft norms on passive euthanasia can expose doctors to legal scrutiny

Bold step, but doctors may be concerned over increased legal scrutiny, say experts

NABH sets digital healthcare standards, 100 hospitals certified so far

A total of 300 hospitals had applied for the digital certification, which was introduced by NABH in 2023

Indian pharma companies set to see 9-11% growth in FY25, says Icra

The domestic market is expected to see a positive turnaround, with ICRA projecting revenue growth of 7-9 per cent for its sample set of companies in FY25

Carlyle-backed SeQuent, Viyash Life Sciences announce Rs 8,000 crore merger

Rs 8,000 crore merger will create one of the largest animal health companies in India

Higher sales, occupancy to improve profit trajectory of Max Healthcare

Acquisitions, organic growth to improve profit trajectory

Price hikes improve margins for diagnostic labs amid online competition

Diagnostic companies like Metropolis Healthcare and Dr Lal PathLabs have implemented price hikes to cope with inflationary pressures

Medical gear makers up in arms against zero-duty imports under EU FTA

India is 70% import-dependent, and Germany and the Netherlands are among the top five countries

India reports first case of Mpox Clade 1b strain that triggered WHO alert

Surge of Clade 1b cases in Africa led WHO to term Mpox a public health emergency

Exploring opportunities of growth in various cities across India: Abhay Soi

Max Healthcare is on an expansion spree planning to add 3500 beds in 3 yrs