Page 8 - Healthcare Sector

Health ID - Digital, Secure, Inclusive

With a federated architecture, no health records will be stored in a central repository, reducing the risk of a single hacked server leading to leakages

Covid-19 vaccine needs an injection of pace to keep up with syringe demand

The inoculation programme may suffer from a syringe shortage

Max Healthcare plans Rs 1,600 cr investment to add 1,000 beds in Gurugram

Max Healthcare Institute on Monday said it plans to invest around Rs 1,600 crore to expand its capacity in the national capital region by adding around 1,000 beds in Gurugram, Haryana. The company, "is further fortifying its presence and expanding its bed capacity in NCR by addition of two hospitals of around 500 beds each in Gurugram," Max Healthcare Institute said in a regulatory filing. The Max Healthcare board approved the expansion plan in a meeting held earlier in the day, it added. "The overall investment is expected to be approximately Rs 1,600 crore. The expansion plan is proposed to be funded by internal accruals, borrowings and / or such other modes as may be permitted under the applicable laws," Max Healthcare Institute said. For the two hospitals, two land parcels measuring around 6.11 acres and around 5.26 acres are being allotted by HSVP (Haryana Shahri Vikas Pradhikaran) post successful bid by the company in a recent HUDA auction, it added. "The two newly acquired

Cipla eyes acquisitions in India, US after Covid-led windfall

With a funding frenzy currently underway in India, Cipla may struggle to find attractive targets

Medanta brand-owner Global Health files IPO papers with Sebi

Proceeds from the fresh issue will be used to pay debt and general corporate purposes.

'India, US need to work jointly in reforming global health architecture'

Both India and the US are global partners and need to work collaboratively in reforming the global health architecture, Union Health Minister Mansukh Mandaviya said on Tuesday

Sterling Accuris to raise Rs 250 crore from fund managed by Morgan Stanley

Diagnostic lab chain Sterling Accuris Wellness on Monday said it has inked a pact to raise Rs 250 crore from a fund managed by Morgan Stanley Pvt Equity Asia in order to expand operations. Sterling, which started operations in 2016, has over 1,000 employees and operates around 150 labs and collection centers in Gujarat, Delhi, Rajasthan and Madhya Pradesh. The company is aiming a revenue of around Rs 250 crore in the current fiscal year. As diseases become more complex, the need for their quick and accurate diagnosis through testing will become more critical," Sterling Accuris Chairman Girish Patel said in a statement. This will lead to increased customer preference towards organised pathology lab networks, he added. "Over the last five years, Sterling Accuris have built a strong business in the markets we operate in and the growth capital infusion from a seasoned investor like Morgan Stanley will help the team accelerate the execution of our expansion plan," Patel noted. During

Nurse to doctor ratio in India estimated to be 1.7:1 on basis of NSSO data

The nurse to doctor ratio in India is estimated to be 1.7:1 on the basis of NSSO data, while the ratio of allied health workers to doctors is estimated to be 1:1

Indegene acquires Medical Marketing Economics for around $10 mn

Healthcare solutions provider Indegene on Monday said it has acquired MME for approximately $10 million to strengthen its pricing, reimbursement and market access capabilities.

Vijaya Diagnostic IPO to open on Sept 1; price band set at Rs 522-531/share

The IPO is entirely an offer for sale of 35,688,064 equity shares by the promoter and investors

Non-Covid biz not back to pre-pandemic levels: Metropolis Healthcare MD

In a Q&A, Ameera Shah says, however, that the impact of the second wave on her industry segment wasn't as bad as the first

Zydus Cadila Q1 consolidated net profit up 30% to Rs 587 cr

Revenue from operations up 14% to Rs 3,917 crore from Rs 3,424 crore in Q1F21

Better education, healthcare to lower Assam Muslim birth rate: Congress MLA

The birth rate among the Muslim populace of Assam will come down if measures are taken to spread education and develop healthcare facilities, Congress MLA Sherman Ali Ahmed said

GE Healthcare selects 6 Indian startups under 'Cohort 3' programme

Medical technology company GE Healthcare has selected six Indian startups under its 'Cohort 3' programme to help them build and scale up their technologies for their target market segments.

Rajasthan's healthcare scheme benefits over 120,000 people in 3 months

Over 120,000 people have benefitted from free treatment in the first three months of the Rajasthan government's MukhyaMantri Chiranjeevi Swasthya Bima Yojna

UK health workers to receive 3% pay rise in accordance with NHS body

The UK government said on Wednesday that it will back NHS by providing a 3% salary uplift to health workers in full accordance with recommendations of NHS independent pay review bodies

India's health inequality made worse by reduced health budget: Oxfam report

Oxfam India's inequality report draws attention to the county's unequal healthcare story hit further by Covid-19

Hospitals have turned into industries instead of serving humanity: SC

On December 18 last year, the top court had directed all the states to constitute a committee in each district to conduct fire audit of COVID-19 hospitals at least once a month

NCGTC issues guidelines for Rs 50,000-cr scheme for medical infra

The National Credit Guarantee Trustee Company Ltd on Friday issued operational guidelines for the Rs 50,000-crore credit guarantee scheme

Pharma shares in focus; Alkem, Divi's Lab, Syngene hit record highs

Thus far in the financial year 2021-22 (FY22), the S&P BSE Healthcare index has rallied 24 per cent, as against 9 per cent gain in the S&P BSE Sensex