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KKR, TPG Capital, and Apax Partners front-run the acquisition of India’s cardiac stent maker SMT

US-based global investment company KKR, private equity firm TPG Capital, and British private equity firm Apax Partners are reportedly exploring an investment in India’s Sahajanand Medical Technologies (SMT), Economic Times reported. SMT is a developer and manufacturer of minimally invasive coronary stent systems, valued at Rs 3,500-4,000 crore (~$420-480 million USD). Alongside KKR, TPG Capital, […]

Addressing healthcare workforce inefficiency through AI and 3d indoor mapping – a conversation with Connie Moser of Navenio

Modern hospitals are incredibly complex, regularly chaotic, and often inefficient environments, despite efficiency and proper task sequencing being vital to delivering high-quality medical care and positive patient experiences. Workforce issues are beginning to bite harder across both public and private provider systems, driven by a growing deficit in medical professionals serving an expanding patient population. […]

Bain Capital eyes controlling stake in India’s HCG from CVC Capital

Bain Capital, the American private investment firm, is the leading candidate to acquire a 60.4% controlling stake in India-based cancer care provider HealthCare Global Enterprises (HCG), from CVC Capital Partners, a Luxembourg-based private equity and investment advisory firm, CNBCTV18 reported. The stake is said to have been valued at approximately $356 million, while HCG’s market value stands at $589 million despite a 3% drop in its share price this year. Negotiations are ongoing, and the deal is not yet finalised. 

HBI News Round Up, 14th June 2024

In this HBI News Round Up, we look at Denmark’s new rules for foreign healthcare workers, healthcare-focused PE fund Tata Capital Healthcare Fund’s multi-million investment into pharma firm Orbicular Pharmaceutical to develop its R&D work, the awarding of a multi-million diabetes treatments contract to American pharma and medical devices group Abbott in Cantabria, Spain, and a partnership in Spain to establish a rare diseases research centre.

Careology partners with Evolent to provide digitalised care navigation for cancer patients

UK digital health company Careology has expanded into the US via a partnership with Evolent, a company that provides a care navigation service to cancer patients. Paul Landau, Careology’s founder and CEO, explained to us how the company’s digital platform will enhance the scalability of Evolent’s service, and how the care navigation model, which currently only exists in the US, could improve cancer care in Europe.

Cigna sells Medicare business for $3.3bn

Last week, US health insurer giant Cigna finally offloaded its Medicare business - which manages government-back health insurance for over 65s - to insurer Health Care Service Corp (HCSC). The $3.3bn cash deal finally putting industry rumours of a megadeal with rival insurer Humana to bed.

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