Page 34 - Healthcare

Dabur scouting for acquisition targets in D2C healthcare, personal care

Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The acquisition will help Dabur to increase its play in the fast-growing premium segment and also to strengthen our urban play, Malhotra said in a post-results Investors' Conference Call. Besides, the company, which owns iconic brands such as Dabur Amla, Dabur Vatika, and juice brand Real, is increasing investments in branding and promotion as its margins are improving quarter on quarter amidst softening commodity prices. When asked about any D2C acquisition, Malhotra replied: "We continue to scouting on targets in the D2C space also, particularly in healthcare and personal care... We are looking for a brand that will shore up margin and not be dilutive." "If we come across a company which is synergistic with the healthcare space and personal care space, skincare Ayurvedic play, w

Pristyn Care commences operation in Bangladesh; lines up Rs 100 cr

Healthcare delivery startup Pristyn Care on Thursday said it has commenced operations in Bangladesh and will invest Rs 100 crore over the next two years to expand operations in the neighbouring country. The company plans to have five patient care centres in Dhaka and Chattogram(Chittagong) by March 2024. It also aims to hire 200 employees across various departments as part of the expansion plans. "With the country's (Bangladesh) healthcare market expected to reach USD 14 billion by the end of 2023, we are committed to the growth of healthcare in Bangladesh. Over the next two years, we'll invest Rs 100 crore to establish a robust healthcare infrastructure," Pristyn Care Co-Founder Harsimarbir Singh said in a statement. The investment would be utilised to set up patient care centres, he added. Pristyn Care caters to advanced secondary care surgeries with the help of over 400-plus in-house super-speciality surgeons across hundreds of partner hospitals and clinics.

Over 60% rural population goes out of state for better medical treatment

The all-India level findings of the report showed that "almost 63% of people from rural areas chose to migrate out of their state for availing treatment for major diseases"

Emami expects good growth in personal care, healthcare businesses

Emami Ltd vice-chairman and MD Harsha V Agarwal expressed confidence on Tuesday that the FMCG player will have good growth from its personal care and healthcare businesses in the years ahead and the firm expects to grow at 27.9 per cent compound annual growth rate (CAGR) from 2021 to 2027. Emami which saw its net profit dipping in the year gone by expects its margins to bounce back on the back of inflation moderating. "The international business seems to have stabilised and is projected for healthy double-digit growth. We invest for the long-term and we will continue investing across e-commerce, modern trade, international business, people and distribution, etc," Agarwal said in his speech to shareholders at the annual general meeting. "The outlook at Emami continues to be positive. With inflation moderating, we do not foresee any cost pressures ahead; margins are likely to bounce back during the current year. With the rural outlook continuing to be sound, we are confident of good .

Coal India inks MoU with Fortis Healthcare to treat thalassemic children

Fortis Healthcare has joined hands with Coal India to treat underprivileged children suffering from thalassemia under the 'Thalassemia Bal Sewa Yojana' CSR initiative of the central public sector enterprise. An MoU in this connection was signed on July 28 at the Fortis Memorial Research Institute in Gurugram, a hospital statement said. Coal India launched the 'Thalassemia Bal Sewa Yojana' in 2017 to support the treatment of underprivileged children affected by thalassemia. In 2020, aplastic anaemia was added to the programme. According to the MoU, Coal India will provide financial assistance of up to Rs 10 lakh to eligible patients for bone marrow transplants and the treatment can be done at Fortis Memorial Research Institute. The health centre has one of the largest and most comprehensive bone marrow transplant centres in India that boasts a team of nearly 20 doctors with expertise in the treatment of all kinds of blood disorders. The Bone Marrow Transplant Centre at the hospital

Tredence eyes acquisitions in BFS, healthcare vertical by year end

In terms of size, Tredence will be focussing on acquiring companies with revenues in the range of $10-15 million, though it would be flexible in its approach, said Bhowmick

Short bursts of intense exercise linked to reduced risk of cancer: Study

Just 4-5 minutes of vigorous activity that makes people huff and puff during daily tasks is associated with a lower risk of some cancers by up to 32 per cent, according to a study. The research, published in the journal JAMA Oncology, used data from wearable devices to track the daily activity of over 22,000 'non-exercisers'. Researchers at the University of Sydney in Australia then followed the group's clinical health records for close to seven years to monitor for cancer. They found that four to five minutes of vigorous intermittent lifestyle physical activity or 'VILPA' was associated with a substantially lower cancer risk compared to those who undertook no VILPA. Short bursts of activity -- around one minute each -- includes activities like vigorous housework, carrying heavy shopping around the grocery store, bursts of power walking or playing high-energy games with the kids. Adults who don't exercise are at increased risk of developing certain cancers like breast, endometrial

Central govt committed to providing affordable health facilities: Mandaviya

Dr Mandaviya stated, "For a doctor, treatment is only one parameter of success. How people perceive them and their role in the society is the ultimate value of success"

Regional disparities rise as Ayushman cards near quarter-billion mark

The year 2022-23 saw surge in cards created under Ayushman Bharat Pradhan Mantri-Jan Arogya Yojana scheme

Health sector changing under PM: Mandaviya inaugurates AIIMS-Rae Bareli

Union Minister for Health and Family Welfare Mansukh Mandaviya on Wednesday inaugurated various units, including the emergency department, at AIIMS-Rae Bareli. Mandaviya inaugurated the Neonatal Intensive Care Unit and the Pediatric Intensive Care Unit. He also inspected the Affordable Medicines and Reliable Implants for Treatment (AMRIT) pharmacy on the premises and spoke to patients and attendants present and took feedback on the facilities. Rae Bareli is the parliamentary constituency of Congress leader Sonia Gandhi. Speaking on the occasion, Mandaviya said the health sector in India is changing under the leadership of Prime Minister Narendra Modi. Health and wellness centres have been set up for primary care and district hospitals upgraded. Rs 64,000 crore are being spent under the Ayushman Bharat Health Infrastructure Mission. New medical colleges are being started in the country. Of the 22 AIIMS at various stages of construction, 16 have become functional, he told reporters.

Conjunctivitis: Why are cases rising & how to prevent it?

Recently, there has been a surge in Conjunctivitis across the country with hospitals dealing with up to 20 cases a day. So, why are cases rising & how to prevent it? Watch the video to know.

Healthcare for different socio-economic groups should be same: MoS

The medical treatment and healthcare facilities being offered to different socio-economic segments of society need to be of the same quality, Union Minister of State for Health S P Singh Baghel said on Wednesday. He said even as India's healthcare ecosystem has reached the digital age, it should be of paramount importance to offer affordable medical treatment facilities to the 80 crore underprivileged rural people. Baghel was addressing the 'Digital Health Summit', organised by Internet and Mobile Association of India (IAMAI) here. He stressed that medical treatment and healthcare facilities being offered to different socio-economic segments of society need to be of the same quality. Emphasising on bringing healthcare facilities to the poorest of the poor in the country, the minister underlined the importance of the 'Ayushman Bharat Card'. Data security of medical records for rural populations was another critical area that needed to be looked into very closely, he said. For this

Centre will adopt Uttar Pradesh's health fair model: Mansukh Mandaviya

Union Health and Family Welfare Minister Mansukh Mandaviya on Wednesday said that the Centre will emulate Uttar Pradesh model of health fairs across the country. "A health fair is organised every week at every primary health and wellness centre in the state. Two and a half to three lakh poor people are treated at such fairs. We will implement this model in the whole country," Mandaviya said at a press conference after a meeting with Chief Minister Yogi Adityanath and officials of the state health department. "The UP government has created a digital platform for vaccination which is very good. It has prepared a portal to get information about the utilisation of operation theatres in all hospitals, we will implement that too at the national level," the Union minister said. He said that the UP government is the first among state governments to be using e-rupee in the health sector. "We will implement the e-Rupee scheme in the entire country so that beneficiaries directly get money." T

Should you subscribe to Yatharth Hospital's IPO? Here's what brokerages say

Yatharth Hospital IPO: In the grey market, the hospital chain's share is commanding a 20 per cent premium over its upper price band of Rs 300

Omron Healthcare starts construction of manufacturing unit in Tamil Nadu

The new manufacturing unit is expected to start functioning by March 2025

AB-PMJAY led to huge out-of-pocket expenditure savings, says Govt

The Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana has resulted in huge out-of-pocket expenditure savings related to hospitalisations for the targeted beneficiaries, Minister of State for Health S P Singh Baghel told the Rajya Sabha on Tuesday. A total of 3.14 crore beneficiaries were benefited during the last two years under the Centre's ambitious health insurance scheme, he said. The states/UTs having maximum and minimum number of beneficiary families supported by the Centre and state are Uttar Pradesh and Lakshadweep, respectively, Baghel said in a written reply. Responding to a question, he said in Gujarat, Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is implemented in convergence with the state scheme Mukhyamantri Amrutum. As of July 19, 2023, a total of 41.34 lakh hospital admissions worth Rs 8,564 crore have been authorised under the scheme in Gujarat, Baghel stated. For the financial year 2022-23, central share of funds of Rs 6,048 crore were released

Private equity investments in healthcare increase expenses: Study

The study was published in The BMJ. The study is regarded as the first systematic examination of trends in private equity ownership across the globe in the field of medicine

Tele-MANAS helpline received over 200,000 calls since launch in Oct 2022

The government's national mental health helpline Tele MANAS, a toll-free service, has received more than 2,00,000 calls from various parts of the country since its launch in October last year. It was started by the Union Health Ministry to strengthen mental health service delivery in India. There has been an exponential rise in the number of calls received by the helpline. In merely three months, the number reached two lakh from one lakh calls received in April 2023, the ministry said in a statement. In a tweet, Union Health Minister Mansukh Mandaviya congratulated the country on achieving the feat. Toll-free helpline numbers -- 14416 or 1-800-891-4416 -- with multi-language provision allow callers to select the language of their choice for availing the services, the ministry said in the statement. With 42 functioning Tele Mental Health and Normalcy Augmentation System (MANAS) cells in 31 states and Union Territories, the service is currently catering to more than 1,300 calls per

TMS Ep481: NDA and INDIA, tech layoffs, healthcare stocks, Oppenheimer

Is the era of political alliances back? Is there an end in sight for tech layoffs? Why are healthcare stocks gaining muscle? Who was J Robert Oppenheimer? All answers here

As athletes defer retirement, sports healthcare on a high in India

The Serbian tennis champ is not the only one to show incredible physical resilience against father time. Roger Federer hung up his racket at 41