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Vasan Healthcare RP may push for strategic partners

The outstanding claims to banks, financial institutions and Asset Reconstruction Company Edelweiss are at ?1,268 crore, according to the company’s list of financial creditors put up on its website. The first meeting of the committee of creditors (CoC) is slated for Thursday.

Ministry, Niti Aayog at odds over regulation of medical devices

Niti Aayog proposed a legislation for medical devices and an independent regulator for the industry. While the health ministry has concerns over such a move. Both drugs and medical devices are at present regulated by the Central Drugs Standard Control Organisation under the health ministry.

Niti Aayog has not rejected proposal to bring medical devices under CDSCO: Govt

Responding to a question in the Rajya Sabha, Minister of State for Health Ashwini Choubey also said that no proposal has been approved regarding establishment of a separate statutory body on the lines of the Food Safety and Standards Authority of India (FSSAI) for the regulation of medical devices.

IHH keen to go ahead with open offer for Fortis once SC lifts stay

IHH’s proposed takeover of Fortis was challenged by Japanese drug maker Daiichi in a bid to recover arbitration award of Rs 3,600 crore ($500 million) from Fortis founders Malvinder Singh and Shivinder Singh in a fraud claim.

Mitsui asks Daiichi to let IHH off the hook in Singh bros Fortis case

Daiichi has taken Fortis founders Malvinder and Shivinder Singh to court for a Rs 3,600 crore ($500 million) arbitration award granted by a Singapore tribunal.

Exploring legal options to address contempt notice by SC: Fortis Healthcare

SC on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its earlier order, asking them not to divest their shares in Fortis Healthcare. The Court has vide the notice sought an enquiry into consummation of the acquisition of healthcare assets from RHT Health Trust by the company.

Greater private sector innovation, digital tools key to quality healthcare services in India at low cost: Bill Gates

Bill Gates, who is currently on a three-day visit to India, said: "Our biggest work has been broadly in the health area helping to get new vaccines introduced, helping to look at innovations in some of the disease-specific areas, like tuberculosis or visceral leishmaniasis (VL) or lymphatic filariasis (LF)."

RFL case: Court sends ex-Fortis Healthcare promoter Malvinder Singh to ED custody

The ED had taken both the accused in its custody on November 14 inside the jail here, where they were lodged in a case filed by the Delhi Police in relation to the alleged scam, a lawyer associated with the case said.

Niti Aayog's report to reveal India's health system

The report, titled New India: Building Blocks - Potential Pathways to Reforms, will be released on Monday. The report reveals India’s health system as a story of multiple fragmentations at the level of payers and risk pools, healthcare services and at digital backbone running it, the Aayog said on Friday

India to host BRICS Digital Health Summit to boost digital healthcare

TS Tirumurti, Secretary, Economic Relations (Ministry of External Affairs), said that the Prime Minister announced that India will host a BRICS Digital Health Summit on innovative solutions to healthy lifestyle which will seek to integrate digital technology with healthcare informatics and diagnostics.

FMCG veteran CK Ranganathan announces animal health venture

The hospital is 7200-sq. ft facility, equipped with an emergency critical care unit monitored by senior consultants, digital X-Ray and ECG machines. The total investment in the hospital was Rs 3 crore. Ranganathan predicted the venture will draw a total investment of Rs 300-400 in five years to expand to 100 such hospitals.

ESIC partners with PMJAY to provide medical facilities to beneficiaries

ESIC partners with PMJAY to provide medical facilities to beneficiaries

“ESIC has recently taken initiative viz. partnership with PMJAY – Ayushman Bharat to provide medical care to ESIC beneficiaries in 102 designated newly implemented districts,” labour minister Santosh Kumar Gangwar said while speaking at the 3rd graduation ceremony of ESIC dental college & hospital in New Delhi's Rohini.

UST Global acquires Contineo Health

UST Global acquires Contineo Health

The healthcare ecosystem in the US continues to consolidate and shrink with payer-provider collaboration leading the charge toward ensuring improved quality, increased access to care, and lowered costs for consumers. UST Global’s acquisition of Contineo will allow the company to develop comprehensive, end-to-end business solutions that work seamlessly.

Make cancer treatment affordable, upgrade infrastructure: Parliamentary panel

Make cancer treatment affordable, upgrade infrastructure: Parliamentary panel

While expressing concern over 68% of cancer patients dying in the country, the parliamentary standing committee on science and technology, environment, forest and climate change has recommended to set up a hub and spoke model under the Tata Memorial Centre, which is the leader in cancer treatment and is supported by the Department of Atomic Energy.

NPPA defers decision on Meril’s stent pricing plea

NPPA defers decision on Meril’s stent pricing plea

Meril Life’s first locally made biodegradable cardiac scaffold, a naturally dissolving stent, is known as MeRes100. The stent was approved by the Drug Controller General of India in 2017, when prices were cut, prompting Meril, based in Vapi, Gujarat, to hold back on launching the product.

India woos Japanese medical device companies

India woos Japanese medical device companies

Price curbs imposed on medical devices have irked US companies and become a key trade issue between Washington and New Delhi. Even as the US is sparring with India over this, the focus is now on fast-tracking investments from other countries, especially Japan, said people who are part of the discussions in the government.

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