@TheTimesOfIndia: HealthCare Global (HCG) super-specialty hospital has been recently inaugurated in Ahmedabad. The super specialty hospital is equipped with comprehensive cancer treatment facilities including medical, surgical and radiological oncology. The hospital has also installed an advanced radiation therapy technology called TrueBeam.

HCG is headquartered in Bangalore and is South Asia’s Largest Cancer Care Network that operates across 22 centers. It has been consistently providing a vision for a better tomorrow to over 30000 new patients annually for the past 20 years.

@BusinessStandard: RG Stone Urology & Laparoscopy Hospital chain of Mumbai origin has planned to set up 12-15 new hospitals in UP with 40-45 beds in each, over the next two years. The hospital has planned to invest INR 1.2 bn for the project in UP. At all India level, the hospital administration has planned to set up 50 new hospitals with a total investment plan of INR 5 bn.

This project will focus on raising awareness about urology by running medical vans in remote belts of UP and Uttarkhand region and offering free medical consultation. RG Stone is a well known group of hospitals having been certified by the Guinness Book of World Records for having first treated the largest kidney stone of the world.

@Economic Times: Fortis Healthcare which owns a chain of super specialty hospitals is now planning to open low cost hospitals in smaller towns under a new brand. It has set itself a target of 25 hospitals in three years. These new hospitals would provide healthcare services at affordable rates in semi-urban India specifically tier-II & -III towns.

The company would set up 10 new hospitals or ventures in the next 10 weeks to mark the company’s completion of 10 years, besides offering 10 free surgeries at each hospital. Currently, it has a network of 56 hospitals across the country.

@Economic Times: Max Healthcare, a 1,100 bed hospital subsidiary of the Max India Group is expected to enter into a strategic alliance with a PE firm backed major hospital. The investors are likely to pick up a stake of over 26% in Max Healthcare and the equity value of the transaction is expected to be around INR 15 bn. The two potential investors for this transaction are likely to be an Asian PE fund involved in a significant investment in a large hospital chain in South East Asia and an US based fund with similar investments in a leading hospital chain.

Max India has acquired a stake of 16.37% in Max Healthcare from Warburg Pincus for a sum of INR 1400 mn. This transaction will increase the company’s holding in Max Healthcare to 91%.

Max Healthcare network of hospitals reported total revenue of INR 6.85 bn by registering a growth of 28% over the last year.

@Moneycontrol: Max India has got the approval from its Board to buy the stake of 16.37% held by Warburg Pincus group entities in Max Healthcare Institute for INR 1.4 bn.

As a part of the deal, Max India will buy around 47.6 mn shares of Max Healthcare Institute from Warburg Pincus group for INR 29.40/share. The acquisition of shares is expected to be completed by December 15, 2011, after receipt of all regulatory approvals, Max. After the acquisition, Max India will have 91.84% stake in Max Healthcare Institute.