NABH to fix deadline for full accreditation, but not all hospitals keen despite perks
AIIMS Delhi among hospitals with just entry-level certification, NABH data shows. hospitals in tier 2 & 3 cities don’t opt for full accreditation due to resource constraints, experts say. Key Points
ThePrintAnti-Corruption Branch conducts search at LNJP Hospital amid row over substandard devices, supplies
Five other Delhi govt-run hospitals also under scanner. At LNJP, probe team collected 'necessary documents', it is learnt. Key Points
ThePrintExtreme weather puts hospitals at high risk of shutdown, says study ahead of COP28 Health Day
Over 5,000 hospitals in India, the highest number in any country, are at high risk of shutdowns due to extreme weather events if fossil fuels are not phased out by the end of the century, according to a study by XDI. Worldwide, one in 12 hospitals face a similar risk. The study analysed the impact of climate hazards on over 200,000 hospitals globally and found that 71% of the hospitals at risk were in low- and middle-income countries. The report called for a rapid phase-out of fossil fuels to mitigate the risks to global health. | World News Key Points
Hindustan TimesManipal, Apollo hospitals plan big investments for expansion
Manipal Health, the second largest chain with 9,500 beds and 33 hospitals in 17 cities, plans to invest about ₹1,500 crore to add 1,400 beds in the next two quarters. Market leader Apollo, which currently operates 10,000 beds, has a target to add 2,400 beds during fiscal 2025-27. Key Points
Economic TimesSurvey reveals small hospitals have inadequate infra to treat critical patients
A survey by the Medico Legal Society of India found that inadequate infrastructure to treat critical patients is a major reason for their transfer from private to government hospitals. The society is calling for government intervention to improve healthcare facilities and protect doctors from violence. Key Points
Hindustan Times
Intuitive surgical sees robotic systems demand surge in India
Intuitive Surgical known for its robotic surgical system da Vinci, said it is seeing post-Covid demand surge from hospitals in India, as they aggressively expand into robotics. The demand for robotic-assisted surgical systems is also coming from standalone hospitals and hospitals based in smaller cities along with large hospital chains of metro and tier-1 cities. Key Points
Economic TimesAster rebrands Andhra-based Ramesh Hospitals
Aster DM Healthcare has completed the rebranding of Dr. Ramesh hospitals in Andhra Pradesh to Aster Ramesh Hospitals. This came after an increase in equity stake by founder-chairman Dr Azad Moopen's family. The rebranding exercise has been completed for all four Ramesh hospitals in Andhra Pradesh, with two located in Vijayawada, one in Guntur, and one in Ongole. Key Points
Economic TimesMaharashtra Covid patients overcharged in 82% cases of private hospitalisation, says Pune NGO study
Peer-reviewed study by NGO SATHI is based on a bill-by-bill analysis of 120 Covid hospitalisations. It was published in 'International Journal of Medicine and Public Health'. Key Points
ThePrintKerala govt announces ordinance for safety of medical professionals amid heavy protests over doctor's murder
A female surgeon from the Kottarakkara taluk in Kottayam district was stabbed to death by a drunk patient at the hospital. The incident led to widespread protests by doctors, while the Kerala HC called it a 'systemic failure'. Key Points
India TodayPMC readies action plan for summer heatwave
On Thursday, Koregaon Park and Wadgaonsheri recorded 39.4 degrees Celsius and 39.5 degrees Celsius, while Shivajinagar witnessed 37.2 degrees Celsius, according to India Meteorological Department (IMD), Pune Key Points
Hindustan Times
Hospital stocks with stellar returns give booster shot to healthcare index
The stocks that gave maximum returns during this period were Artemis Medicare (476%), followed by Apollo (270%), and Narayana Hrudayalaya (259%). Among the hospitals stocks listed on the BSE, Apollo Hospitals, Narayana Health, Max Healthcare & Global Health hit 52-week-highs on Thursday. Key Points
FinancialexpressSangani hospitals IPO: Issue opens; Check latest GMP, subscription status, other key things to know
Sangani hospitals IPO is an SME IPO that will list on NSE Emerge, a platform for small and medium enterprises (SME). The IPO will remain open for public subscription till August 8. Key Points
mintEmami Group expects to conclude sale of AMRI hospitals this month
About Rs 1,650 crore of the proceeds of the deal will be utilised for servicing the existing debt of AMRI hospitals which will make the business completely debt-free, the executives told ET on condition of anonymity. The balance proceeds will help the promoters reduce their share pledge in the flagship fast-moving consumer goods (FMCG) company Emami Ltd to almost 18% from 33%, they said. Key Points
Economic TimesAster Healthcare's promoters in talks with private equity groups, look to sell India business
Aster DM Healthcares founder Azad Moopen is in talks to sell a controlling stake in the India-listed hospital company to private equity firms including Blackstone and KKR. The company operates 32 hospitals in West Asia and India, as well as clinics, pharmacies, laboratories and patient experience centres. The discussions are preliminary and focus on a reverse merger with Care Hospitals, though both funds reportedly want a controlling stake or agreed path to control. Key Points
Economic TimesKK Shah hospitals IPO opens tomorrow: Check key dates, latest GMP, other details
KK Shah hospitals IPO: KK Shah hospitals IPO is a fixed price issue of ₹8.78 crore. The issue is entirely a fresh issue of 19.5 lakh shares. Key Points
mint
Indian eye hospital chain Dr. Agarwal's raises $80 mln from TPG, Temasek
Dr. Agarwal's Health Care said on Thursday it raised $80 million from existing investors Singapore's Temasek and U.S.-based TPG as the Indian eye hospital operator plans to double its hospital count. Key Points
ReutersCashless health insurance at all hospitals now but network hospitals are still better option for ‘assured’
On paper, cashless everywhere is a great initiative as it aims to reduce out-of-pocket expenses of policyholders for medical treatments. However, health insurance policyholders need to keep a couple of things in mind before opting for a cashless everywhere facility at any hospital. You need to understand if you go to a non-empanelled hospital, how it will charge you for the treatment. Read here to know more Key Points
Economic TimesElectoral bond mystery: Who paid Rs 162 crore in the name of Yashoda Hospital?
Yashoda Hospital, a top donor in electoral bond data, faced confusion with multiple hospitals of similar names. Denials of donations and clarifications from different management groups added to the mystery surrounding the situation. Key Points
Economic TimesNo more functioning hospitals in Northern Gaza: WHO Director-General
WHO Director-General Tedros Adhanom Ghebreyesus highlighted the dire situation in Northern Gaza, stating no functioning hospitals remain. Aid workers witnessed devastating scenes at damaged medical facilities, with rows of bodies outside Al-Ahli hospital and injured civilians inside Al-Shifa hospital. A video showed injured patients lacking proper treatment. The mission, only the third since hostilities paused on December 1, aimed to deliver aid. Israel has accused Hamas of using hospitals as command centers, a claim denied by Hamas and medical staff. Key Points
Economic TimesBlackstone to acquire majority stake in CARE hospitals for USD 700 million
Blackstone on Monday said it has inked a pact to acquire a majority stake in Hyderabad-based CARE hospitals from Evercare, a platform of TPG RISE funds, for USD 700 million (around Rs 5,827 crore), thus foraying into country's healthcare services sector. Private equity funds managed by Blackstone have acquired 72.5 per cent in Care hospitals at an enterprise value of Rs 6,600 crore. Key Points
Economic Times
Health insurance new feature: Cashless treatment at any hospital may be a reality next year; how it will h
Till now, a health insurance policyholder can avail of cashless treatment only at network hospitals with whom the insurance company has tied up. Each insurance company has an independent network of medical service providers that they have a tie-up with. The insurance regulator, along with the General Insurance Council (GIC) has proposed to introduce a 100% cashless network that will include both empanelled and non-empanelled hospitals. Key Points
Economic TimesCAG audit flags PMJAY ‘gaps’: Claims for treatment of the ‘dead’, several registrations on same Aadhaar
The CAG conducted a performance audit of PMJAY from September 2018 to March 2021. The report on its findings was tabled in the Rajya Sabha Tuesday. Key Points
ThePrintBoiler blast in Haryana's Rewari, over 40 injured
Speaking to ANI, Dr Surender Yadav, a civil surgeon, said, “We have alerted the hospitals. We have sent the ambulance to the factory. Several people have burn injuries.” While one of the injured has been referred to Rohtak PGIMS, the rest have been admitted to various hospitals in the district, according to media reports. Key Points
Economic TimesIndia's Apollo Hospitals' operator rejects allegation of illegal kidney transplants
India's Indraprastha Medical Corp (IMCL.NS), which manages two Apollo hospitals in the national capital of Delhi, said on Tuesday that allegations regarding its involvement in illegal kidney transplants are false. Key Points
ReutersAIIMS to take over two Delhi govt hospitals to resolve bed shortage problem
Internal data from AIIMS shows that the hospital receives an average of 866 emergency patients daily. However, only 50 (5.7%) are admitted to AIIMS every day | Latest News Delhi Key Points
Hindustan Times
Private hospitals say standardising rates will be catastrophic for sector
Private hospitals express apprehensions over Supreme Court intervention to curb charges. There is wide variation in treatment cost between government and private healthcare facilities. Association of Healthcare Providers has raised concerns and urged Health Ministry to address the categorisation of establishments. Key Points
Economic TimesBlackstone enters Indian healthcare services with Care hospitals buy
Blackstone (BX.N) said on Monday it will buy a majority stake in India's Care hospitals from a fund belonging to asset management firm TPG, marking the U.S.-based private equity firm's entry into the country's healthcare services sector. Key Points
ReutersLucknow, East UP to get 2 multi-specialty hospitals
Two multi-specialty hospitals with 400-bed capacity each are set to be built in Lucknow and on the Varanasi-Mirzapur border, following investments promised at the Uttar Pradesh Investors? Summit in February. The state government has vowed to ensure the process is not delayed, and healthcare providers have called for a single-window clearance system to speed up the approvals process. Medanta and Apollo are among the chains that already operate in the state. Key Points
Hindustan TimesGovt taps hospitals on medical devices
Currently, some of the hospitals are importing medical devices from original equipment manufacturers. As per government provisions, there is a requirement of import licence for medical devices. Key Points
mintPrivate hospitals in no hurry to procure covid vaccines
Private hospitals are currently hesitant to acquire Covid-19 vaccines and are waiting for clarity from the government. Despite a surge in Covid-19 cases raising concerns, senior executives from major private hospitals have indicated that they currently have no vaccine stocks and do not have immediate plans to procure them. Their decision is influenced by the perception that the rise in cases is linked to a mild variant of the virus. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/BP4QOJIB35ILDF6NPP2W3ABCAY.jpg)
Gaza faces public health disaster, UN humanitarian office says
The U.N. humanitarian office said on Wednesday that Gaza faced a public health disaster due to the collapse of its health system and the spread of disease amid an offensive by Israel that has hit hospitals and displaced hundreds of thousands of people. Key Points
ReutersFresenius cancels 2023 dividend, bonuses to retain state aid
German healthcare group Fresenius (FREG.DE) said on Tuesday it would not be allowed to make dividend and management bonus payments for 2023 because it decided to keep state aid it received to reduce high energy costs at its hospitals business. Key Points
ReutersFresenius to assess whether state aid impacts bonus, dividend payouts
German healthcare group Fresenius (FREG.DE) said it was examining whether the state aid it received to help offset high energy costs at its hospitals business would bar it from making management bonus and dividend payments. Key Points
ReutersNow, L-G and Delhi govt spar over ‘delayed hospital projects’
In its June 15 report, The Indian Express said projects including creation of five new hospitals and expanding the number of beds at 13 existing buildings under the PWD has been pushed to 2025. They were to add over 12,000 beds. Key Points
The Indian ExpressIndia conducts nationwide mock drill in hospitals to test COVID preparedness
India began a two-day COVID preparedness mock drill amid the continuing surge in cases which the Health Ministry attributed to the newly emerged recombinant coronavirus variant XBB.1.16. Mock drills were conducted at all major government and private hospitals across Rajasthan, Madhya Pradesh, Bihar, Karnataka, and Mumbai. Key Points
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