Healthcare
EQT to acquire ChrysCap-owned healthcare BPO GeBBS
Swedish Private Equity fund EQT has acquired GeBBS Healthcare Solutions from ChrysCapital for approximately $860-870 million. GeBBS, a provider of revenue cycle management services, has seen significant growth under ChrysCapital's ownership. The acquisition aligns with EQT's focus on healthcare technology and aims to further accelerate GeBBS' growth.
Building muscle mass: Why the growing lure of protein supplements is worrying health experts
Protein revolution is transforming diets across India, with many turning to supplements to meet nutritional needs. This trend is driving a booming industry but also raising concerns about indiscriminate use of protein powders. Experts advocate for balanced diets and caution against over-reliance on marketed products.
Unveiling an era of promise and possibilities: Abu Dhabi’s blueprint for propelling AI-led innovations in healthcare
In conversation with Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center, Department of Health (DoH), who shares critical insights into the Abu Dhabi Global Health Week key agendas, including advancing neurodegenerative disease patient care, public-private partnerships to develop a robust and resilient healthcare sector worldwide, nurturing Gen AI-based healthtech startups in Abu Dhabi, and fostering innovations in biotech and life sciences.
Need to strike fine balance between making hospitals secure and accessible: AIIMS-Delhi director
Dr. M Srinivas, Director of AIIMS-Delhi, has highlighted the need for balancing hospital security and accessibility amid demands for a safer work environment following the RG Kar rape-murder case. He underlined the importance of improving infrastructure and working conditions for medical professionals while ensuring patient care remains a priority.
Potential outbreak-causing dangerous viruses found in China’s fur animals
Scientists have discovered novel and potentially dangerous viruses in raccoon dogs, mink, and other fur-farmed animals in China. The study found 125 virus species, including 36 novel ones, with 39 posing a high risk of crossing the species barrier. This highlights the need for better virus surveillance in fur-animal farming.
EQT set to acquire BPO GeBBS from ChrysCapital
Swedish private equity fund EQT is set to acquire Los Angeles-based healthcare BPO company GeBBS Healthcare Solutions for about $870 million. The deal, which outbid Hillhouse Investment, is expected to be signed soon. GeBBS, founded in 2005, employs 14,000 workers globally and competes with major firms like Wipro and IBM.
Govt mulls over new category for advanced coronary stents, price ceiling increase to attract manufacturers
The government is considering creating a separate category for advanced coronary stents and raising the price ceiling to attract stent makers. This move comes after manufacturers shelved plans to launch next-generation devices in India due to price control measures. The proposal aims to address concerns raised by stent makers over current pricing regulations.
No link between mobile phones and brain cancer, WHO-backed study says
A World Health Organization-commissioned review has found no link between mobile phone use and an increased risk of brain cancer. The study, which analyzed data from 63 studies between 1994 and 2022, showed no rise in brain cancer cases despite the surge in wireless technology usage.
AI-powered device successfully treats blood clot in a 28-year-old
A 28-year-old man with acute pulmonary thromboembolism was successfully treated at Sir Gangaram Hospital using an AI-powered device designed to remove blood clots accurately. The device prevents severe blood loss by targeting only clots. This method avoids the risks associated with conventional treatments like internal bleeding and repeated interventions.
CK Birla group firm Birla Fertility & IVF to invest Rs 500 cr in next 2-3 years
Birla Fertility & IVF plans to invest Rs 500 crore over the next 2-3 years to expand its presence in southern India. The company aims to establish 10-12 new centres and recently acquired BabyScience and ARMC IVF clinics, increasing its network to 50 clinics and bolstering its reach in Tier II and Tier III cities.
