Hindujas to invest USD 1 billion in Healthcare business
India based Hinduja Group has said that they are collaborating with UAE-government owned Dubai World to invest USD 1 billion in the Indian healthcare sector.
These two companies are also setting up a joint venture company for this project in which Hinduja Group will have 51% stake.
Hinduja Group [...]
Fitness First entering Indian market
Fitness First is a global health club chain operator. The company has now announced their plans to enter the Indian market.
They are going to invest about 20 million pounds (about Rs. 172 crores) in the next three years in India. The plan is to open around 15-20 such clubs in India.
Fitness [...]
Eastman Kodak selling off Health Unit to Onex
Eastman Kodak has said that they are selling off their health-care imaging unit to Onex Corp. This deal could fetch them as much as $2.55 billion.
They would use these funds to pay down debt as they are struggling in their primary digital business.
Onex would be paying $2.35 billion [...]
Ranbaxy Laboratories acquires Be-Tabs Pharmaceuticals
Ranbaxy Laboratories has announced that they are acquiring Be-Tabs Pharmaceuticals (Pty) Ltd. With this acquisition, Ranbaxy has strengthened its position in the South African pharmaceutical market.
The deal is worth around USD 70 million and Ranbaxy would now have a 1.6 per cent market share in that country. This happens to be [...]
Jeffrey Kindler is the new CEO of Pfizer Inc.
Pfizer Inc. has announced that they are replacing Hank McKinnell with Jeffrey Kindler as the chief executive officer of the company.
This decision is immediate and comes abruptly. McKinnell has been coming under criticism by the investors for his irascible nature and large compensation package. He would however [...]
Siemens to acquire the diagnostics unit of Bayer
German engineering giants Siemens has said in a statement that they are acquiring the diagnostics unit of drug and chemical firm Bayer for $5.3 billion.
This would help them expand their medical businesses. This would be Siemens’s second major purchase in the medical division in two months.
The deal [...]
New York Times claims that Johnson & Johnson to acquire a Pfizer unit
The New York Times online edition has reported that Johnson & Johnson is closing in on a deal to acquire the consumer products unit of Pfizer.
This unit of the medicine company has some really well known products including Listerine and Sudafed. The deal [...]
Nestle acquires Jenny Craig
Switzerland based Nestle has said in a statement that they are acquiring U.S. weight-loss company Jenny Craig. The deal is worth around $600 million.
With this deal, Nestle has confirmed that they want to expand into the high-margin nutrition and health business.
The company said that Jenny Craig had sales of over $400 million [...]
Nicholas Piramal acquires one of Pfizer’s UK based unit
Nicholas Piramal India has said that they have signed on an agreement to acquire one of the manufacturing facilities of Pfizer Inc located at Morpeth in the UK. The financial aspects of this deal were not revealed.
Market analysts believe that the deal could be worth as much [...]
Royal Philips to acquire Intermagnetics General Corp.
Royal Philips Electronics NV is the world’s largest maker of patient monitoring systems and they have now revealed their plans to acquire Intermagnetics General Corp.
The deal is worth around $1.3 billion and it would be conducted through a cash transaction. This acquisition would help Royal Philips to gain a [...]
