In a bold move to expand its reach in specialty healthcare, Cardinal Health has announced it will acquire significant assets in gastroenterology and diabetes care through two high-stakes deals worth a combined $3.9 billion. The U.S.-based pharmaceutical and healthcare giant is set to take a controlling interest in GI Alliance, the largest independent gastroenterology care […]
Metropolis Healthcare Limited (NSE: METROPOLIS | BSE: 542650), a leading diagnostic chain in India, has announced a significant financial milestone with a 13.1% year-on-year increase in revenue for the first quarter of the fiscal year 2025. The company achieved a revenue of INR 313.4 crores, surpassing the industry average growth rate. Strong Financial Performance For […]
In a significant move, CBC Group, Asia’s largest healthcare-dedicated asset management firm headquartered in Singapore, announced that its portfolio company, Hasten Biopharmaceutical, has successfully acquired the asset rights of 14 branded products from South Korean biopharmaceutical company, Celltrion. The deal price remains undisclosed. According to the agreement, Hasten Biopharmaceutical will hold the Marketing Authorization Holder […]
Haleon plc, a prominent player in the global healthcare market, has reached an agreement to sell its nicotine replacement therapy (NRT) business outside of the United States to Dr. Reddy’s Laboratories SA, a subsidiary of Dr. Reddy’s Laboratories Limited. The deal, valued at £500 million, marks a strategic shift for Haleon, allowing it to streamline […]
In a significant move in the healthcare industry, Vijaya Diagnostic Centre Limited (VDCL) and Medinova Diagnostic Services Limited (MDSL) have announced their amalgamation. This merger, approved by the Board of Directors of both companies, aims to consolidate their operations and create synergies, enhancing value for all stakeholders involved. The scheme of amalgamation will see MDSL […]
Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a leading player in the global healthcare and retail pharmacy sector, announced the sale of approximately $400 million worth of shares in Cencora, Inc. (NYSE: COR). This transaction decreases Walgreens Boots Alliance’s ownership in Cencora from about 13% to 12%. Strategic Financial Management The proceeds from this significant financial […]
GPT Healthcare Limited (BSE: 544131; NSE: GPTHEALTH), a leading name in the healthcare industry, has announced its financial results for the third quarter (Q3) ending December 31, 2023. Demonstrating a solid performance, the company reported a total income of ₹97.8 crore, marking a 4.2% increase year-on-year from ₹93.8 crore in Q3 FY23. This growth is […]
The Kroger Co. (NYSE: KR) has announced a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health, marking a significant transaction in the healthcare industry. The deal is poised to reshape Kroger’s involvement in specialty pharmacy services, underscoring the company’s strategic evaluation of its assets to enhance […]