HealthNews
Paras Healthcare files preliminary documents with Sebi in order to raise Rs 1,800 Crore through an Initial Public Offering (IPO)
New Delhi, Paras Healthcare Ltd. which operates hospitals under “Paras Health” brand has filed preliminary perwork with cital market regulator Sebi. Dharminder Kumar Nagar, the promoter of Paras Healthcare Ltd and other investors are selling shares. The Gurugram based company plans to use proceeds from this fresh issue as a prepayment of or repayment of some outstanding borrowings. They will also be investing in their wholly-owned PMHPL subsidiary for debt payments and other corporate purposes. Paras Healthcare, a clinical-specialty-led hospital platform that provides tertiary or quaternary care through an eight-hospital network with a combined cacity of 2,211 bed as of March 31 2026, is a clinically specialty led hospital platform. The company is active in five states and a union territory including Haryana and Bihar. In fiscal 2026, the companys revenue from operation was Rs 1,605.95 billion, while its EBITDA profit (operating income) was Rs 335.58 crore. Paras Healthcare submitted draft IPO pers to Sebi back in 2024, and obtained regulatory proval. However, the company decided not to proceed with its public offering. The book-running lead manager for the issue is JM Financial. BofA Securities India, and Nuvama wealth management are also involved. The proposed listing on BSE and NSE of equity shares. PTI
Published on Jun 5, 2020 at 1:54 PM IST
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Warburg, KKR and TPG are among the PE giants competing for a 25% stake of Cloudnine.
Mumbai – Global private equity firms Warburg Pincus and KKR as well as TPG Cital and Advent International along with CVC Cital Partners and Permira and homegrown Kedaara Cital have entered the race to buy a 25% stake of Cloudnine – India’s largest maternity hospital and pediatric chain. The people who spoke to us said that the proposed deal would value Cloudnine around Rs10,000 crore ($1billion). Allegro Cital will be running the sales process, with initial bids due by the first week of July. True North, a current investor in the deal, will exit completely. According to the above-mentioned people, Temasek and TPG Newquest will likely retain their stakes.
Temasek, TPG Newquest and Cloudnine collectively hold about 52%. About 10% of Cloudnine is owned by the promoter group, and the rest are employee stock options plans (ESOPs). Cloudnine’s plans for raising $200-300m at a valuation $1 billion were first reported by ET on May 10th. True North entered Cloudnine with a Rs400-crore investment in 2015. Matrix Partners, Sequoia Cital and others have invested in Cloudnine before.
Permira, KKR and their spokespeople declined to comment. True North, Warburg Pincus Kedaara Cital CVC TPG Cital and Advent did not respond to emails. Cloudnine is a Bengaluru based company founded in 2006 by Dr R Kishore Kumar and his co-founders Rohit M.A. M. Ramachandra & Vidy Kumar. People said that the company had a revenue of 2,000 crores and Ebitda at 300 crores in FY26.
Published on Jun 4, 2026 10:57 AM (IST)
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Apple’s India health push expands with sleep apnea and hearing tests at home
ple rolled out on Tuesday two major features that are focused on health for Indian users. The company has added sleep nea notification to ple Watch, and validated clinical hearing tests to AirPods Pro 3 to further its push towards preventive healthcare via consumer devices. The new features are designed to help users diagnose health conditions which often go undiagnosed over many years. Sleep nea – a condition in which breathing repeatedly stops while sleeping – is thought to affect over one billion people around the world. It has been linked to heart disease, hypertension and type 2 diabetes. ple Watch’s “Breathing disturbances” feature tracks small wrist movements that occur when breathing patterns are interrupted during sleep. The watch analyzes the data every 30 day and alerts its users if they detect consistent signs of mild to severe sleep disorders.
Users are able to export a PDF report that contains breathing disturbance data for three months. This allows them to share the results with doctors. ple says the feature was created using machine learning, and validated by clinical-grade data on sleep nea. Wearables are moving deeper into healthcare.
ple’s vice-president of Health and Fitness Sumbul Desai said, “We believe that technology should empower people so they can take control of their own health.” ple has introduced a hearing test at home for AirPods Pro owners in India, along with sleep . It uses a standard audiometric method called pure-tone to measure hearing levels. Users can do this in about five minutes by using ple devices compatible with the feature. After the test is completed, users will receive an audiogram, a summary of hearing loss in each ear and recommendations. The results can be stored in the Health p and shared with healthcare providers.
Published on Jun 4, 2026, at 04:56 AM (IST)
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KGMU will file FIRs against 4 employees for Rs 2.5 crore of medicine procurement irregularities.
Lucknow – King George’s Medical University, (KGMU), will file an FIR after a probe revealed alleged irregularities in the procurement of medicines under the Asadhya Yojana. The program provides free treatment for chronically ill patients who are poor. The five-member committee investigated irregularities at the Urology Department and recommended that one pharmacist, and three contract employees be punished.
KGMU spokeswoman Prof KK Singh confirmed that the FIR would be filed on February 10. The matter was discovered after officials noted a dramatic increase in the amount of money spent on medicines. From Rs 10 lakhs a month, to Rs 40 Lakhs in February, and Rs 45 Lakhs in March. An audit revealed discrepancies. KGMU halted payment for medicines under investigation and set up a committee, on the orders of vice-chancellor Professor Soniya Nityanand.
This panel reviewed patient records, distribution logs, and payment data. The panel discovered that drugs were being consumed above the recommended dosage.
A drug that was meant to be administered every six months, but instead showed up as being administered four or five times a month in several cases. Each injection costs between Rs 8 000 and Rs 10 000.
The report also revealed cases in which medicines were administered to patients without their consent. It raised suspicions that govt money was being misused.
The investigation highlighted violations of drug management protocols. A contractual employee was responsible for ordering and receiving medicines in violation of the rule which requires that this be done by authorised nursing personnel.
This committee believes that the medicines were diverted. They are investigating where they were disposed. The panel recommended criminal prosecution against the four staff members.
Published on Jun 2, 2026, at 01:02 PM (IST)
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AIIMS Guwahati get Rs 6.5cr advanced Neurosurgical OT The Power Grid Corporation of India Ltd. (PGCIL), under its Corporate Social Responsibility initiative, provided financial support of Rs 6.5 million to establish the advanced neurosurgical OT. The funding allowed for the purchase of cutting-edge equipment to improve precision, safety and outcomes during complex spine and brain surgeries, according to a government release. The facility, which is state-of the-art, was inaugurated informally by Prof. (Dr. Ashok Puranik), executive director of AIIMS Guwahati. Surendra Majhi senior general manager and project head at PGCIL were also present.
Corporations have stepped forward to provide high-cost, advanced equipment for complex and delicate procedures in the neurological field. Puranik said that the role of corporations in supporting healthcare extends beyond sustainability. He continued, “Many brain tumours patients, vascular malformations and nerve injuries sufferers, as well as spinal conditions, have benefited greatly from this timely availability of advanced equipment.” These contributions reflect the corporate commitment to improve healthcare affordability, support the community, and achieve better outcomes. Surendra Kumar Majhi reaffirmed PGCIL’s commitment in supporting social development, especially through CSR initiatives.
Published May 4, 2026 07:25 AM IST.
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Kanpur will be home to North India’s first speech and listening institute by October
Kanpur has been given a boost in healthcare, education and research with the creation of the All India Institute of Speech and Hearing Satellite Centre. The institute in Surar is currently under construction as a branch of the All India Institute of Speech and Hearing. The project, which is being constructed at a cost Rs180 crore and covering proximately 81,000 square meters, should be completed by October 31, 2026. The institute will become the only one of its kind in North India and the second in the entire country once it is completed. This will help reduce the dependence on Mysore. The centre will feature state-of-the art infrastructure, similar to the Mysore institution, with advanced audiology laboratories and speech thery facilities, as well as specialised research and training resources. Jitendra Prt Singh, district magistrate, recently visited the construction site to review the quality and pace of work. He told the officials that they should complete the work on time, without compromising the standards. He also stressed the importance of regular monitoring the project. The DM added that the institute was expected to play a key role in promoting specialised training and research in speech-language and hearing sciences, as well as providing advanced healthcare.
Separate hostels will be built for 102 male students and 102 women, to accommodate learners from around the country. Construction is progressing quickly on the pre-primary school and medical block. The unit for pre-primary children will concentrate on early diagnosis and intervention in speech and hearing disorders among young kids. The project is implemented by NPCC Limited, under the Ministry of Health and Family Welfare. IIT (BHU), Varanasi supervises the technical quality of the project.
Published on May 4, 2026, at 7:27 AM (IST)
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