Page 9 - Health Sector

Over 52% urban Indians availed of Ayush benefits, says Mospi survey

Ayush refers to the six Indian systems of medicines, namely Ayurveda, Yoga and Naturopathy, Unani, Siddha, Sowa-Rigpa and Homeopathy are majorly prevalent in the country

Central govt funding spurs health spending by states, reveals CSEP study

According to the study, this finding suggests that greater resource transfers from the central government to states will spur health spending

Top Indian private hospital chains announce major expansion in FY25

Demand for healthcare is boosting average revenue per bed

Health ministry asks states to conduct regular fire-safety mock-drills

After the recent fire incident that claimed lives of infants in an East Delhi hospital, the Health Ministry has reiterated the need for strict adherence to fire safety norms in hospitals across India

Deepening presence in Tier-III may be Dr Lal PathLabs' growth pill

Manchanda highlights that the 'white-spaces' for them are going deeper in strong markets

Yatharth Hospitals Q4 result: Net profit up 121%, revenue rises 24%

The company also announced the commencement of operations at their newly acquired hospital in Faridabad, strengthening its presence in the Delhi NCR market

Metropolis Healthcare revenue up 17%, targets industry-leading growth

In Q4, the business-to-consumers (B2C) revenues grew by approximately 20 per cent Y-o-Y, and revenues from the Mumbai market also saw 20 per cent growth

Eris Lifesciences Q4 results: Net profit rises 8.41% to Rs 70.9 crore

On a sequential basis, the company exhibited a 13.2 per cent increase in revenue; however, the PAT declined by 30.96 per cent

JB Pharma aims to grow its revenue by 12-14% in the next two years

JB Pharma plans to maintain its presence in cardiology, focusing on hypertension, heart failure, and lipid-lowering treatments

Vulnerable population: Rising heat on public health infrastructure

Heat preparedness Measures for health care sector

Medanta Hospitals Q4 results: Net profit up 25%, revenue rises 14.3%

The hospital operator's revenue from operations rose to Rs 808.6 crore in Q4 FY24, a 14.3 per cent rise from Rs 707 crore in Q4 FY23

SII to acquire 20% stake in needle-free tech company IntegriMedical

The collaboration leverages SII's manufacturing and distribution strength with IntegriMedical's innovative technology

Does the country need to continue with Covid-19 vaccination drive?

Experts feel paid vaccine shots should continue to be available for elderly and comorbid

Getting India's growth priority right

To catch up with peers, not only in size but also in per capita income, India must focus on health and education

KKR acquires Bengaluru-based medical devices company Healthium MedTech

According to sources close to the deal, the value of the acquisition is Rs 6,500-7,000 crore

Number of medical tourists in India to exceed pre-pandemic levels in CY24

Major hospital chains in India are eyeing the rise in international patient revenue and exploring entry into new geographies

Hesitant health insurers get a regulatory prod to expand coverage

Until recently, Indian insurers hesitated to offer new health insurance products, resulting in its low uptake. Recent Irdai relaxation targets this laggard retail business

Manipal Hospitals scouts for aggressive growth, acquisition: CMD Jose

Manipal Hospitals, India's largest hospital chain with 10,500 beds, considers the figure to be "insignificant" in the context of the country and is actively scouting for acquisitions, a top official said on Tuesday. The Singapore sovereign fund Temasek-backed Manipal Hospitals on Monday signed a binding agreement to acquire an 87 per cent stake in Kolkata-based hospital chain Medica Synergie, a deal involving about Rs 1,400 crore helping it to become the largest hospital chain in India. The Bengaluru-based healthcare provider will make exit offers to remaining shareholders to sell their stake, but Manipal Haspitals does not see any hurdle in case existing minority shareholders continue to hold. "Though 10,500 beds and 37 hospitals is a large number, in the context of India, it is still insignificant," Manipal Hospitals Managing Director & CEO Dilip Jose told PTI in an interview after the announcement of the acquisition of Medica Hospitals. "We want to continue to expand further in

Centre calls for broad consultations to standardise rates for hospitals

The Centre's affidavit also emphasised that fixation of rates may lead to serious issues like rendering healthcare setups financially unviable, and many other players may jack up the prices

Paras Health plans to operate upwards of 2,300 beds in North India by FY25

With this, Paras Health is aiming to operate upwards of 2,300 beds in North India by the end of FY 2025