11-Mar-17 In India, the prices of all medical devices except for stents, condoms and intrauterine devices can only be raised by up to 10% a year, the National Pharmaceutical Pricing Authority said. The regulator also clarified that all medical devices notified as drugs under the Drugs and Cosmetics Act will have to carry their maximum retail price on their packs. [image: ET Healthworld]

10-Mar-17 Seattle-based Columbia Pacific, owner of Columbia Asia Hospital Group, has acquired Serene Senior Care, a leading player in the housing segment for senior citizens in India. Columbia Pacific said it will significantly expand its senior housing portfolio over the next five years. It currently operates 735 units in South India, and plans to expand to 1,700 units by fall 2017. [image: Corp Expansion]

07-Mar-17 Tech Mahindra said it would buy US healthcare IT services provider, the HCI Group, for an enterprise value of USD110 mn, as it looks to increase its presence in the healthcare space. “Healthcare is one of the few sectors globally that is driving adoption of digital technologies," said CP Gurnani, CEO of Tech Mahindra. [image: The Indian Express]

06-Mar-17 IHH Healthcare, Asia's largest hospital operator by market value, has sold a USD160 mn stake in Apollo Hospitals in a deal that will consolidate its investments in India. It operates >10,000 beds in 52 hospitals across 10 countries, with Malaysia, Singapore, Turkey and India making up most of its MYR10 bn (USD2.2 bn) revenue in 2016. [image: The Economic Times]

05-Mar-17 With India becoming a popular destination for medical tourism, Mengaluru is joining the trend. Efficiency, low costs and state-of-the-art hospitals are making the city a sought after destination. KMC Hospital has seen a sharp increase in international patients. Over the past 10 months, KMC catered to >100 international patients from the Middle East, Bangladesh, Nigeria, Kenya, UK and US. [image: The Times Of India]