Exclusive: PineBridge trims stake in Narayana Health with modest returns

January 20, 2017 | Joseph Rai

Private equity investor PineBridge Investments Llc pared part of its stake in multi- and super-specialty hospital chain Narayana Hrudayalaya Pvt.

Matrix Partners-backed Centre for Sight eyes alternative funding, scraps IPO plan

January 19, 2017 | Joseph Rai

New Delhi Centre for Sight Pvt Ltd, which operates eye-care chain Centre for Sight, has shelved plans to go public and is looking at other funding options for the time being, a top company executive told VCCircle.

US-based PerkinElmer to acquire Tulip Diagnostics

January 10, 2017 | Joseph Rai

US-based PerkinElmer, Inc. on Tuesday said it has agreed to acquire in vitro diagnostics (IVD) company Tulip Diagnostics Pvt. Ltd for an undisclosed amount.

How was Standard Chartered Private Equity’s partial exit from Fortis?

January 06, 2017 | Joseph Rai

Standard Chartered Private Equity (StanChart PE) has offloaded additional equity stake in Fortis Healthcare Ltd at a time when the second largest hospital chain by market cap in India is reportedly in talks to get a new investor on board.

Exclusive: Krsnaa Diagnostics hires banker for fresh PE funding

January 06, 2017 | Joseph Rai & Ranjani Raghavan

Krsnaa Diagnostics Pvt Ltd, which operates radiology and pathology centres through an asset-light model within third-party run hospitals, has hired an investment banking firm for its next round of private equity (PE) funding as it seeks to expand business, two persons privy to the development tol

New York-based DanGold Investment backs dental care startup MobiDent

January 05, 2017 | Binu Paul

Bangalore-based dental care startup MobiDent has raised an undisclosed amount in pre-Series A funding from New York-based DanGold Investment Corp.

Exclusive: Dr Lal PathLabs set to acquire Ahmedabad-based diagnostics firm

January 04, 2017 | Joseph Rai, Bruhadeeswaran R & Ranjani Raghavan

Dr Lal PathLabs Ltd, India's first diagnostics chain to go public, has emerged as the frontrunner to acquire an Ahmedabad-based firm as it seeks to make inroads in the country’s western region, two people close to the development told VCCircle.

Exclusive: Sequoia Capital invests more in Suburban Diagnostics

January 04, 2017 | Joseph Rai

Pathology chain Suburban Diagnostics India Pvt Ltd has received additional investment from venture and growth capital investor Sequoia Capital, two people privy to the development told VCCircle.

Abraaj Group in advanced talks to buy majority stake in Medall Healthcare

January 04, 2017 | Joseph Rai

Dubai-based private equity investor Abraaj Group, which struck a deal last year to buy a majority stake in India’s CARE Hospitals, is now eyeing an acquisition in the diagnostics sector, a person close to the development told VCCircle.

Exclusive: OrbiMed seals deal with Kolkata diagnostic chain

December 30, 2016 | Joseph Rai

Healthcare-focused private equity firm OrbiMed has closed a deal to invest in Suraksha Diagnostic Pvt Ltd for a minority stake, a top executive at the Kolkata-based company told VCCircle, paving the way for the exit of an existing investor.