Malaysian Healthcare Company Buys Major Stake in Global Hospitals for $195 Million

Indian Global Hospitals chain's major stake bought by Malaysian IHH Healthcare for a whooping sum of $195 million.

"The acquisition and our existing hospitals will help us become one of the leading hospital chains in India," said Tan See Leng, managing director of IHH.

Pivotal Expansion: Lupin Pharmaceuticals Acquires US-Based Gavis for $880 Million
In a pivotal move to expand their global presence, an Indian Pharmaceutical company- Lupin Pharmaceuticals, acquired Gavis, a US- based privately- held company.

The hospital chain has 1,100 beds in Hyderabad, Bengaluru, Chennai and Mumbai in five hospitals, the number of beds are likely to increase by 800 beds to reach 1,900 beds in five years time. The Malaysian company also owns 10.85 percent in Apollo Hospitals chain.

Source-IANS

IBM Acquires Medical Imaging Firm for $1 Billon to Help Watson Supercomputer 'See'
With this new platform Watson will be able to view medical images of a person at different times to detect changes or abnormalities.

Indian Pharmaceutical Company Opens a R&D Center for Inhalation Products in the US
Lupin’s center at Florida will focus on developing inhalation products for the treatment of asthma, allergic rhinitis and other lung diseases.

German Pharmaceutical Company Merck Decides to Close Down Bangalore GeNei
A spokesperson for Merck India confirmed the closure saying the decision was taken at the beginning of the year and production at the site was stopped on July 31.