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Aster DM Healthcare merger to enhance market position and drive growth
Aster DM Healthcare's Deputy Managing Director, Alisha Moopen, announced that the merger with Quality Care India Ltd, backed by Blackstone and TPG, will be EPS accretive from the first year. The combined entity aims to achieve 13,300 beds by FY27 and is confident in navigating competition from major players like Apollo and Manipal Hospitals. Moopen emphasized the merger's potential to establish micro-market leadership in key regions.
mergers and acquisitions roundup ipsos audi aster dm healthcare and more
Ipsos is preparing a binding offer to acquire Kantar's TV audience data business. Qatar's sovereign wealth fund has purchased a significant minority stake in Audi's Formula 1 team, while Aster DM Healthcare will merge with Quality Care India. Other notable deals include TI Fluid's £1.04 billion takeover by ABC Technologies and Fortress Investment Group's acquisition of Loungers for £350.5 million.
mergers and acquisitions roundup aster dm healthcare and others in focus
Aster DM Healthcare will merge with Blackstone-backed Quality Care India, enhancing its competitive position against Apollo and Manipal Hospitals. TI Fluid has agreed to a £1.04 billion takeover by ABC Technologies, while a German cement maker is acquiring Giant Cement Holding for $600 million. Reliance Industries has purchased a 21% stake in Wavetech Helium for $12 million, and Macquarie is offering £700.9 million for Renewi. Fortress Investment Group plans to acquire Loungers for approximately £350.5 million.
Aster DM Healthcare and Quality Care India merge to create top hospital chain
Aster DM Healthcare and Quality Care India have merged to create one of India's top three hospital chains, enhancing their combined capacity to over 10,150 beds. The new entity, with joint control held by Aster promoters and Blackstone, aims to set new standards in patient care and clinical outcomes. Dr. Azad Moopen will continue as Executive Chairman, driving growth and innovation in the healthcare sector.
Nifty closes above 24250 driven by gains in auto and energy sectors
The Nifty 50 index rebounded on November 27, closing above 24,250, driven by gains in auto, energy, metal, and media sectors. After a flat opening and rangebound trading, the index surged past 24,350 before some selling pressure emerged. Notable gainers included Adani Enterprises and NTPC, while Apollo Hospitals and Titan Company were among the losers. Broader indices also performed well, with the Nifty Midcap rising 0.6% and the Nifty Smallcap up 1.3%.
Indian markets gain modestly as Adani stocks rebound and autos rally
In a volatile session on November 27, the Sensex rose by 230.02 points to close at 80,234.08, while the Nifty gained 82.20 points, ending at 24,276.70. The rally was driven by gains in energy, auto, metal, and bank stocks, alongside a notable recovery in Adani Group shares, which surged by up to 12 percent. Despite some laggards like Titan Company and Wipro, market sentiment improved with indications of foreign institutional investors becoming net buyers.
prabowo seeks indian support to address indonesia"s doctor shortage
President Prabowo Subianto has sought Indian Prime Minister Narendra Modi"s assistance in addressing Indonesia"s doctor shortage, requesting Indian doctors to teach at local medical schools. With a gap of 160,000 physicians, Prabowo plans to open more medical colleges and enhance health cooperation, including inviting Indian specialists. Meanwhile, Apollo Hospitals is set to invest in a health tourism project in Batam, expected to commence operations in 2026.
global medical education market poised for growth driven by innovation and sustainability
The global Medical Education Market is experiencing significant growth driven by evolving consumer preferences, technological advancements, and a focus on sustainability. Key objectives include forecasting market size across regions, analyzing growth factors, and identifying opportunities for stakeholders. The report provides insights into competitive dynamics, market trends, and the impact of advanced technologies on accessibility and engagement in medical education.
Apollo Hospitals reports record sales and strong profitability in Q2 2024
Apollo Hospitals Enterprise reported a strong financial performance for Q2 2024, achieving record net sales of Rs 5,589.30 crore and a score of 21 out of 25. Profit before tax grew by 45.9%, and operating cash flow reached Rs 1,920.20 crore, indicating robust growth. However, the company needs to address its high debt-equity ratio of 0.98 and a low debtors turnover ratio of 7.11 times. MarketsMojo has issued a "Buy" recommendation for the stock.
bangladesh visa halt significantly impacts india's medical tourism revenue
India's medical tourism revenue has significantly declined following the halt of visas for Bangladeshi nationals amid political turmoil. Major hospitals reported a 25-40% drop in Bangladeshi patient volume, with Apollo Hospitals noting a 15% decrease in overall international revenue. Despite a recovery in patient flow, it remains below last year's peak levels, with the Indian government currently issuing only emergency visas for Bangladeshis.
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