Healthcare Sector

HealthCare Global to sell diagnostic business Triesta for Rs 135 crore

HCG reported a consolidated net profit of Rs 20.68 crore in the second quarter of financial year 2025, as against Rs 10.78 crore in the same quarter of the previous year

Yatharth Hospitals Q2FY25 results: Net profit up 12%, revenue rises 27%

The growth is attributed to higher occupancy rates and an increase in revenue per bed during the September quarter

QubeHealth gets pre-series A funding from Unicorn India & CanBank VC

The investment positions QubeHealth for its upcoming Series A round, targeting $9 million at a valuation of Rs 270 crore

Royal Philips' 1st female top executive in 133-yr history begins her tenure

Charlotte Hanneman, 45, is taking over as the CFO of the Dutch maker of medical equipment, succeeding Abhijit Bhattacharya

Star Health data leak 'huge problem': Experts warn after info leak

According to media reports, the hacker created Telegram bots to access data of 31,216,953 customers updated until July 2024, and 5,758,425 claims from the company available until early August

DNA Wellness to invest Rs 200 cr for 100 cervical cancer screening labs

City-based DNA Wellness on Thursday said it will invest Rs 200 crore to set up over 100 cervical cancer screening labs across India by 2027. The company has acquired exclusive rights to conduct the DNA Ploidy Test, a diagnostic tool developed by the British Columbia Cancer Research Agency, Canada, the company said in a statement. The test, also known as CERViSure, is a quick, accurate, and non-invasive method to detect cervical cancer. DNA Wellness also announced the launch India's first CERViSure laboratory in Ahmedabad, Gujarat, which will provide easy access to cervical cancer screening facility to people. "Going forward, DNA wellness will invest Rs 200 crore to set up some 100 dedicated CERViSure laboratories across India, in a phased manner by 2027, to help the DNA Ploidy reach a maximum number of patients," the company said. "By October 2024, the company will open dedicatedlaboratories in Ahmedabad, Vadodara, Rajkot and Surat," Pathik Bhandari, Co-founder, DNA Wellness, ...

Swachh Bharat Mission averted 70,000 infant deaths annually: Study

The researchers studied data from nationally representative surveys covering 35 states and union territories over 600 districts for a period of 20 years

P&G Q4 results: Profit after tax down 46% at Rs 81 cr on high spending

Procter & Gamble Hygiene and Health Care Ltd (PGHH) on Wednesday reported 46.40 per cent decline in profit after tax at Rs 81.06 crore for June quarter 2024 on account of increased spending. The company, which follows July-June financial year, had reported a profit after tax of Rs 151.24 crore in the corresponding quarter of the previous fiscal. However, PGHH's revenue from operations was at 931.75 crore as against Rs 852.53 crore a year ago. "PAT for the quarter was Rs 81 crore, with an increase in spending for demand generation to support innovation in healthcare and feminine care," said an earning statement from PGHH. Total expense was at Rs 826.78 crore, up 26 per cent year-on-year. Total income of the Proctor & Gamble entity, which has a portfolio of Vicks in healthcare and Whisper in feminine care, was up 8.86 per cent to Rs 939.06 crore. For the full year, PGHH's profit after tax was flat at Rs 675.02 crore as against Rs 678.14 crore in the previous year. "Reported PAT .

Medi Assist set to buy Paramount Health at enterprise value of Rs 312 cr

Medi Assist Healthcare Services, which offers third-party administration services to insurance firms, on Monday said it will fully acquire Paramount Health Services & Insurance TPA at an enterprise value of Rs 311.8 crore. Medi Assist Insurance TPA, a wholly-owned subsidiary of Medi Assist Healthcare Services, has inked a pact with Fairfax Asia and Nayan Shah & family to acquire Mumbai-based Paramount Health Services & Insurance TPA. Paramount is a prominent player in the TPA space, owned by Fairfax Asia and the Shah family. With the acquisition of Paramount TPA, Medi Assist TPA's market share will grow to 36.6 per cent for the group segment and 23.6 per cent of the health insurance industry, by premiums managed, the company said. The acquisition represents one of the largest TPA deals in India, with an enterprise value of Rs 311.8 crore, subject to regulatory (Irdai) approvals, it added. Paramount TPA works with 30 insurers and over 3,000 group customers and retail ...

India projected to face 2 mn deaths from antimicrobial resistance by 2050

Antimicrobials, including antibiotics, antivirals, antifungals, and antiparasitics, are medicines used to prevent and treat infectious diseases in humans, animals and plants

Changing profile of India's medical tourism exports amid Bangladesh unrest

The quality and affordability of India's healthcare market make it a top choice for people from developing nations. But recent political unrest in Bangladesh may affect India's medical tourism exports

Doctors provide elective OPD services outside Nirman Bhawan in Delhi

Doctors have decided to provide elective outpatient services outside Nirman Bhawan on Monday as they continue their strike for the eighth day over the rape and murder of a trainee doctor in Kolkata. Resident doctors will be available to provide elective OPD services in around 36 specialties, including medicine, surgery, obstetrics & gynaecology, paediatrics, ophthalmology, and orthopedics, to patients outside Nirman Bhawan on Monday, according to a statement by the AIIMS RDA. However, emergency services will continue as before at the hospitals. The doctors' strike in the national capital over the rape and murder of a medic at a state-run hospital in Kolkata completed a week on Sunday and is now entering its second week, causing difficulties for patients. Late Sunday, resident doctors announced that their strike will continue. The doctors will proceed to Nirman Bhawan at 11 am, according to a statement by RDAs. A resident doctor from the Safdarjung Hospital said a concrete respons

Hinduja Global Solution Q1 results: Net profit jumps to Rs 161.5 cr

Business process management firm Hinduja Global Solutions has posted a multifold jump in its consolidated profit to Rs 161.5 crore in the first quarter ended June 30, mainly due to sale proceeds of healthcare business received during the period. The company reported a profit of Rs 16.64 crore a year ago. Without the one-time gain from the sale of the healthcare business, HGS recorded a loss of Rs 57 crore during the reported quarter from continuing operations. The revenue from operations of Hinduja Global Solutions (HGS) declined by 3.6 per cent to Rs 1,091.92 crore in the June 2024 quarter from Rs 1,133.49 crore in the year-ago period. "Profitability in the quarter was adversely impacted due to some one-time costs, and we expect our profitability to improve from Q2 FY2025 onwards. "During the quarter ended June 2025, we received additional payment towards the sale of the healthcare business resulting in net profit of Rs 218.5 crore shown under Profits from Discontinued Operations

Yatharth Hospitals Q1FY25 result: Net profit up 60%, revenue rises 37%

The company reported 9 per cent on-year increase in its average revenue per occupied bed (Arpob) at Rs 30,551 in Q1FY25, with bed occupancy rising to 61 per cent in Q1 from 51 per cent last year

Patient influx, test volumes raise Metropolis Healthcare's profit by 31%

Commenting on the results, Ameera Shah, Executive Chairperson and Whole-time Director, Metropolis Healthcare, said that the company has consistently achieved high growth in patient volume

Dr Lal PathLabs Q1FY25 results: Net profit rises 28% to Rs 106 cr

Consolidated net profit rose 28 per cent to Rs 106 cr (around $13 million) for the quarter ended June 30, beating analysts' estimate of Rs 99.27 cr, per LSEG

Health Minister Nadda urges states to spend more on health infrastructure

Health Minister J P Nadda on Monday urged state governments to spend more on improving healthcare infrastructure and dismissed opposition allegations on reduction of allocations under the PM-Ayushman Bharat Healthcare Infrastructure Mission (PM-ABHIM). Replying to the debate on the demand for grants for the health and family welfare ministry in the Lok Sabha, Nadda listed the increase in number of medical colleges, steps taken for the reduction of out of pocket expenses on healthcare and initiatives for early screening of diseases such as cancer and sickle cell anaemia as achievements of the government. "We don't believe in just making announcements. We believe in effective planning, ensuring last mile delivery, identifying bottlenecks in last mile delivery and taking steps to remove them," the minister said. Nadda dared Trinamool Congress members, who were protesting, to tell the House why the West Bengal government had not shared the dengue registry with the Centre. On opposition

Aster DM Healthcare Q1FY25 results: Net profit rises 81.3% to Rs 81 cr

Analysts expect hospital chains in the region to benefit from the acute flu season that, apart from coinciding with the June quarter, is known to bring diseases such as dengue and malaria

Nomura ups target price for Fortis, sees 12% upside; reiterates 'Buy'

The global brokerage firm maintained its 'Buy' call for Fortis Healthcare with an updated twelve month forward target price of Rs 547, a 12 per cent upside to Monday's close

MGM Healthcare expands its footprint; acquires SevenHills Hospital

Founded in 1988, SevenHills is one of the oldest multi-specialty hospitals in Visakhapatnam and is renowned for providing high-quality care for over 35 years