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News on Medial
Apollo Health buys Lucknow-based diagnostics company
VCCircle
·
4m ago
Medial
Apollo Health & Lifestyle Ltd has acquired Care Diagnostics Pvt Ltd, a Lucknow-based pathology lab and diagnostic center, to enhance its capabilities and expand its presence in Uttar Pradesh's diagnostic sector. This acquisition follows a trend, with Metropolis Healthcare Ltd also acquiring diagnostic firms recently. The financial terms of this deal were not disclosed. Care Diagnostics, established in 2006, offers a range of medical testing services in Lucknow.
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AI can transform India’s healthcare sector: Apollo's Shobana Kamineni
Economic Times
·
25d ago
Medial
Shobana Kamineni of Apollo HealthCo believes AI will significantly transform India’s healthcare by addressing doctor shortages and enhancing diagnostics. She advocates for ethical AI deployment, local data use, and public-private collaboration. Apollo employs AI to boost doctor productivity, expand diagnostics, and create an inclusive healthcare model. Kamineni emphasizes data reflecting the Indian genome for accurate AI models and calls for a national AI-health data backbone to foster innovation while respecting privacy.
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Capital Group buys 1% stake in APL Apollo Tubes for Rs 446 crore
Money Control
·
1y ago
Medial
Capital Group has acquired a 1% stake in APL Apollo Tubes for INR 446 crore through an open market transaction. The US-based financial services company purchased the shares through its affiliate, New World Fund Inc. Meanwhile, Principal Financial Group sold 15.31 lakh shares of APL Apollo Tubes for INR 245.04 crore. The stock price of APL Apollo Tubes dropped 6.66% to close at INR 1,486.50 on the National Stock Exchange.
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PharmEasy-Owned Thyrocare to acquire Think Health diagnostics to offer ECG services at home
Inc42
·
1y ago
Medial
Thyrocare, a diagnostics platform owned by PharmEasy, is acquiring Chennai-based Think Health Diagnostics to offer ECG services at home. The acquisition will also help Thyrocare tap into the insurance segment. Think Health Diagnostics currently operates in 10 cities across India. The deal will create a phlebotomy network with over 100 phlebotomists trained in providing ECG services. API Holdings, the parent company of PharmEasy, acquired a majority stake in PharmEasy in 2021.
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Phi Capital-backed Krsnaa Diagnostics buys into healthcare startup
VCCircle
·
10m ago
Medial
Krsnaa Diagnostics, a radiology and pathology centers operator, has acquired a 23.53% stake in healthcare startup Apulki Healthcare. The Mumbai-listed diagnostics company aims to expand its offerings in cancer and cardiac care through this deal.
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Migsun Group buys land from Medanta to launch mixed-use project in Lucknow at Rs 426-cr investment
Money Control
·
1y ago
Medial
NCR-based real estate developer, Migsun Group, has purchased land from Medanta to launch a mixed-use project in Lucknow at an investment of Rs 426 crore. The project, named 'Migsun Lucknow Central', will feature high street retail spaces, food court, and studio apartments. Spread across approximately 20,239 square meters, the project has received RERA approval. Migsun Group plans to fund the project through internal accruals and customer advances, with the first phase set to be handed over to buyers in 2027.
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Plum Bets Big on Digital Health with INR 200 Cr Investment
StartupTalky
·
10d ago
Medial
Plum, a Bengaluru-based insurtech company, announced an INR 200 crore investment over the next three to four years to expand into full-stack digital health services. The investment, supported by Tiger Global, aims to introduce Plum Health, featuring AI-powered health tracking, teleconsultations, and diagnostics for Indian professionals. Led by Prayat Shah from Wellthy Therapeutics, the initiative will focus on technology, hiring, IT infrastructure, collaborations, and marketing. Plum currently serves over 500K individuals with over 4,000 customers.
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From the brink of failure to a bold new blueprint: How Fittr was revived from the collapse
YourStory
·
2m ago
Medial
During the pandemic, Pune-based Fittr thrived as an online health and wellness platform. However, after significant funding and ambitious growth efforts, it faced financial challenges. By 2022, as gyms reopened, Fittr's heavy spending led to mounting losses. They pivoted by cutting costs and reinventing services, turning to health diagnostics as a new focus. This led to successful product launches like Fittr HART and a broader vision of becoming an end-to-end healthcare company, driving profitability and growth.
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Earlybird Health closes twice-larger second fund, will write bigger checks
TechCrunch
·
1y ago
Medial
Germany-based Earlybird Health has closed its second fund at €173 million ($185 million), double the size of its first healthcare-focused fund. The fund will mainly invest in European health tech startups, expanding its focus beyond digital health to include medical devices, diagnostics solutions, R&D tools, and biopharma. Earlybird Health's existing portfolio includes eye care company Oculis and it recently welcomed limited partner British Patient Capital. The fund also uses an in-house AI tool, Eagle Eye, for deal sourcing and due diligence. Earlybird Health is committed to ESG goals and sees them as a core part of its operations.
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Medi Assist buys Fairfax’s Paramount Health Services at ₹312 crore enterprise value | Mint
Livemint
·
11m ago
Medial
Indian healthcare firm Medi Assist has acquired Mumbai-based company Paramount Health Services and Insurance TPA for INR 311.8 crore ($41.8m). The deal will increase Medi Assist TPA's share of the group segment to 36.6% and its share of the health insurance sector to 23.6%. Paramount Health Services and Insurance TPA, owned by insurance company Fairfax Asia and entrepreneur Nayan Shah's family, collaborates with 30 insurers and has more than 3,000 group customers and retail policyholders. Medi Assist aims to position the combined business as a strategic partner to insurers through its AI and machine learning tools.
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Orange Health Labs raises $12 million from Amazon Smbhav, others
Economic Times
·
7m ago
Medial
Indian diagnostics lab and healthcare platform, Orange Health Labs, has secured $12 million in funding from investors including Amazon Smbhav Venture Fund. The funds will be used to support product expansion, team growth, and innovation in diagnostics. Orange Health Labs offers at-home sample collection within an hour, extended operating hours, and report delivery within six hours. The company currently operates in four metro cities in India and plans to strengthen its presence there before expanding to other tier 1 cities. It has raised a total of $47 million in funding so far.
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