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Fortis Healthcare inks pact with Dion Group for 300-bed hospital in Cuttack
Fortis Healthcare is set to manage and operate a new 300-bed multi-specialty hospital in Cuttack, Odisha, a project valued at Rs 600 crore. Developed by Dion Group, the facility aims to significantly enhance access to advanced tertiary care for residents of Cuttack, Bhubaneswar, and surrounding areas. This collaboration merges Fortis's extensive healthcare expertise with Dion's infrastructure development vision, promising quality medical services closer to home.
Fortis Healthcare enters Odisha, to run 300-bed hospital in Cuttack
Fortis Healthcare has signed an agreement with Dion Group to operate a 300-bed multi-specialty hospital in Cuttack, marking its entry into Odisha. The upcoming facility aims to improve access to advanced medical care for patients across the state and reduce the need to travel elsewhere for specialised treatment.
Medical device maker Zimmer Biomet to hire 500 employees in 3 years for tech centre in India
Medical device giant Zimmer Biomet is set to significantly expand its Indian footprint by hiring 500 professionals over three years for its new Bengaluru technology hub. Focusing on AI, software engineering, and R&D, the company aims to drive innovation in orthopedic implants and surgical devices. This move underscores India's growing importance as a global capability center for healthcare firms.
Bombay HC rejects Lilavati Trust's defamation plea, says HDFC Bank's claims were truthful
The Bombay High Court on Tuesday dismissed an interim application filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Mumbai's Lilavati Hospital, seeking to restrain HDFC Bank, its Managing Director and CEO Sashidhar Jagdishan, and others from making allegedly defamatory statements against the Trust and its members.
PE wars to billion-dollar IPO dreams, hospital sector is fighting fit
Major private equity firms are vying for a stake in Cloudnine, a leading maternity and paediatric care chain. This intense competition highlights strong investor confidence in India's healthcare sector. The industry is entering a new growth phase driven by increasing demand, a shortage of hospital beds, and a rise in specialized medical services.
HCG opens new Bengaluru facility with Rs 129 crore investment
HealthCare Global Enterprises (HCG) has inaugurated a new 132-bed oncology facility in Bengaluru, marking its third hospital in the city with an investment of nearly Rs 129 crore. The advanced center utilizes cutting-edge MRI scanner machines for precise cancer treatment, aiming to manage even advanced metastatic cases. This expansion follows KKR's significant stake acquisition in HCG last year.
Bombay HC quashes ₹2-crore bribery FIR against HDFC Bank CEO Sashidhar Jagdishan
This was in connection with a bribery complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Lilavati Hospital in Mumbai. Shares of HDFC Bank Ltd ended at ₹772.55, down by ₹5.35, or 0.69%, on the BSE today, May 5.
Premji Invest takes stake in NewEra Hospitals to expand capacity, strengthen advanced care network
Premji Invest is backing NewEra Hospitals with a new investment. This funding will help NewEra expand its hospital capacity to 800 beds. The platform will also scale advanced specialty care across Maharashtra. NewEra currently operates three hospitals with 350 beds. The company plans to add three more hospitals in Nagpur. This expansion aims to improve access to high-complexity medical care.