Page 5 - Healthcare Sector

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

Healthcare at new high; Lupin, Glenmark among 5 stocks for up to 15% upside

5 breakout pharma stocks: Glenmark, Lupin, Laurus Labs, Dr Lal PathLabs and Zydus Life can potentially rally up to 15 per cent, suggest charts.

AI to be gamechanger for India in citizen services: Salesforce's Arundhati

AI's cross-border nature will require a 'Global Compact' to ensure its benefits reach all of humanity and to safeguard against any potential misuse, Arundhati Bhattacharya, the top boss of Salesforce India has said exuding confidence that for India, Artificial Intelligence will be a "gamechanger" in delivery of public services. Bhattacharya, the CEO and Chairperson of Salesforce India and former Chairperson of the SBI, said that AI is poised to bring about a transformation in every sphere - from healthcare to diagnostics, and education to skilling. The advent of this futuristic technology will benefit India in a big way, firing the engines of public service delivery, at scale and lower cost, she observed. In an interview with PTI, Bhattacharya also highlighted the need for a 'Global Compact' on AI, given the cross-border nature of technology and its impact. Bhattacharya said she is convinced that AI would benefit society, but in the wrong hands it can be prove to be "quite harmful"

Two dozen companies working to find bird flu vaccine for cows: US agri secy

Bird flu has infected 90 dairy herds across 12 states since late March, according to the US Department of Agriculture (USDA). Three dairy farm workers also have been infected with the virus

WHO calls for boosting collaboration between health, environment sectors

The WHO on Wednesday called for strengthening collaboration between the health and environment sectors to address shared challenges. It is imperative to advocate for policies that prioritise environmental sustainability and public health, and invest in research and innovation to develop sustainable healthcare practices, Saima Wazed, WHO Regional Director for South-East Asia said on the World Environment Day. She urged the public health community to join the efforts towards land restoration, halting desertification and building drought resilience "The worrying reality is that our region records the highest number of deaths from climate change annually amongst all WHO regions. Climate change and biodiversity loss already pose major threats to health, the regional economy and livelihoods across our region," Wazed stated. World Environment Day is celebrated annually on June 5, after it was established at the Stockholm Conference on the Human Environment in 1972. This year the focus is

Follow fire protocol at hospitals to a T: Union health secy to states

Union Health Secretary Apurva Chandra on Monday called for strict compliance with fire-safety protocols in a meeting with states and healthcare organisations, citing an increased possibility of fires in hospitals with high temperatures. With the entire northern region reeling under a prolonged heatwave, incidents of fire, including in forests, are increasingly being reported. Several of these fire incidents were reported to be caused by short circuits which happened due to sub-optimal electrical maintenance and/or overload of electricity lines with heavy use of air-conditioners and other equipment. "Given the potential risks associated with fire hazards in hospitals, it is imperative that strict protocols and measures be put in place to prevent, detect and respond to fires effectively. "Establishing a robust fire safety plan and conducting fire-evacuation and safety drills will not only ensure compliance with regulatory requirements but also safeguard lives and property," Chandra .

Medtronic appoints Mandeep Singh Kumar as Vice President of India business

In his new role, Mandeep Singh Kumar will be responsible for overseeing sales, marketing, and commercial operations for Medtronic's business in India