Latest news with #VishalBali
Mint
05-05-2025
- Business
- Mint
GIC-backed Asia Healthcare Holdings to acquire Dr Dangs Labs
MUMBAI : Asia Healthcare Holdings (AHH), backed by Singapore's sovereign wealth fund GIC, is set to acquire a majority stake in Dr Dangs Labs, a diagnostic chain operating in Delhi and Gurugram, according to two people aware of the development. This marks the fourth acquisition by AHH, following previous deals with Motherhood Hospitals, the Asian Institute of Nephrology and Urology (AINU), and Nova IVF. Details of the financial terms of the deal were not disclosed. Read this | Singles are hot: Why private equity firms are increasingly investing in these hospitals AHH's earlier investment in AINU in 2023, valued at ₹ 600 crore, involved both primary and secondary funding. AHH has also seen significant capital inflows, including a $150 million investment from GIC in December 2024, which made the sovereign fund the largest shareholder in the company. GIC had also invested $170 million in AHH in February 2022. Before GIC's additional investment, AHH was majority-owned by global private equity firm TPG, which now holds a minority stake in the platform. The GIC investment likely valued AHH at $800-900 million, Mint reported earlier. With plans to eventually go public, AHH is gearing up for an initial public offering (IPO), although no timeline has been provided. According to Vishal Bali, executive chairman of AHH, profitability is not a concern as the company moves towards its listing, which is expected within the next few years. Dr Dangs Labs operates seven centres across Delhi and Gurugram and reported a revenue of ₹ 67.7 crore for the financial year ended 31 March 2024, according to Tracxn. Read this | Jashvik Capital to acquire over 50% stake in Smart Vision Eye Hospitals Bali has reportedly said that AHH is growing at 25% year-on-year and aims to reach nearly ₹ 6,000 crore in revenue by FY32. AHH declined to comment on the acquisition, and Dr Dangs Labs did not respond to an email request for information at the time of publication. India's healthcare and diagnostics sector has seen a sharp uptick in private equity investments and mergers and acquisitions (M&A) in recent years. According to a report by Grant Thornton Bharat and the Association of Healthcare Providers of India (AHPI), India's healthcare and pharma sector recorded 594 transactions valued at over $30 billion between 2022 and 2024. Foreign direct investment (FDI) in the sector also rose, totalling $3.2 billion during the same period. Also read | India's fragmented hospital sector ripe for consolidation: Rothchild's Hollamby In recent months, there have been notable deals within the diagnostics space. Neuberg Diagnostics raised ₹ 9,400 million from Kotak Alt in January 2025, marking the largest primary fund-raise in Indian diagnostics and the company's first private equity round. Meanwhile, Temasek Holdings and Oswal Alternates jointly invested approximately $85 million in Molbio Diagnostics in 2024, and Fortis Healthcare increased its stake in Agilus Diagnostics from 57% to 91% by acquiring a 34% stake from private equity firms Jacob Ballas and IFC.
Web Release
22-04-2025
- Health
- Web Release
Global Health Experts appointed to Judge Aster Guardians Global Nursing Award 2025, to be held in Dubai
Aster DM Healthcare, one of the largest integrated healthcare provider in the GCC and India, has unveiled the distinguished Grand Jury for the Aster Guardians Global Nursing Award 2025 in Dubai, UAE. This esteemed panel comprises of five leading healthcare experts: Prof. Sheila Tlou, Co-Chairperson of the Global HIV Prevention Coalition, Botswana, Special Ambassador of the African Leaders Malaria Alliance and Former Minister of Health, Botswana; Prof. James Buchan, Adjunct Professor at the WHO Collaborating Centre, University of Technology, Sydney, and Editor Emeritus of the Human Resources for Health Journal; Dr. Peter Carter, OBE Awardee and Independent Healthcare Consultant, Former CEO Central & Northwest London, NHS and Former CEO of Royal College of Nursing, UK; Dr. Niti Pall, President Elect at International Diabetes Federation, Senior Consultant at AXA EssentiAll, France and Board Chair of Harbr & Managing Director of Health4all Advisory, UK and Mr. Vishal Bali, Executive Chairman of Asia Healthcare Holdings & Senior Advisor, TPG Growth, and General Council Member, Neonates Foundation of India. Reflecting on the remarkable entries this year, Dr Azad Moopen, Founder Chairman, Aster DM Healthcare said, 'As we approach the 4thedition of Aster Guardians Global Nursing Awards, it is inspiring to witness the platform's evolution and its profound impact on the global nursing community. This year has seen an exceptional response from nurses worldwide, with over 100,000 registrations pouring in from 199 countries. The task ahead for our esteemed panel of judges is both exciting and challenging, as they shortlist 10 finalists of accomplished nurses making significant contributions in their respective fields and communities. One of these outstanding nurses will win the prestigious award, accompanied by a prize fund of USD 250,000.' 'We are thankful to our Grand Jury members who have believed in the cause and supported the initiative over the years, shaping it's growth journey. I am also excited to welcome Mr. Vishal Bali, Executive Chairman of Asia Healthcare Holdings, to the Grand Jury for this edition. With his vast experience in transforming healthcare systems and his dedication to advancing global healthcare, he brings invaluable expertise and a unique perspective to this prestigious panel' he added. Mr. Vishal Bali, who joins the Grand Jury for Aster Guardians Global Nursing Award this year, brings over 30 years of global healthcare leadership and a deep commitment to advancing excellence in patient care, making him a distinguished addition to the panel. On joining the Grand Jury for AGGNA 2025, he commented 'Nursing is a combination of intelligence, care and compassion. Nurses symbolise positivity, hope and change. These exceptional individuals are a critical part of our society as they devote themselves to the well-being of others, passionately helping and supporting their patients. They are sympathetic and empathetic. The Aster Guardians Global nursing award is an outstanding initiative to recognise and celebrate nurses who have made a career long contribution to nursing practice, resulting in a legacy of improved healthcare outcomes for individuals, communities and the wider global population. I am thrilled to be a part of this grand jury.' Professor Sheila Tlou, a former Minister of Health of Botswana, has shaped national nursing and medical education programs. She commented 'As a lifelong advocate for healthcare equity and nursing education, I have seen the critical role nurses play in transforming lives. Being a part of the Aster Guardians Global Nursing Award's Grand Jury once again, I am continually inspired by the extraordinary work nurses do across the world, often in the most challenging circumstances. This platform is a testament to their invaluable contributions to global healthcare.' Professor James Buchan, a seasoned policymaker and health systems expert, serves as an Adjunct Professor at the WHO Collaborating Centre, University of Technology, Sydney, and is the Editor Emeritus of the Human Resources for Health Journal. He commented 'Nurses are the backbone of healthcare systems worldwide, providing essential care and leadership in times of crisis and beyond. Having been on the jury since the inception of the awards, I have witnessed firsthand the incredible stories of innovation, perseverance, and impact from nurses in every corner of the world. This award is a vital initiative that not only celebrates their contributions but also elevates the profession's visibility and influence on healthcare policy and delivery.' Dr. Peter Carter, Former CEO Central & Northwest London, NHS, former CEO of the Royal College of Nursing UK and an independent healthcare consultant, boasts diverse experience, holding prestigious fellowships and receiving honors such as the OBE for his NHS service. Since his tenure at the RCN, he has worked nationally and internationally. He commented 'Throughout my career, I have had the privilege of working with outstanding nurses whose skills and dedication transform healthcare. Recognizing and rewarding excellence in nursing is crucial, and the Aster Guardians Global Nursing Award does just that – celebrating those who go above and beyond to advance patient care and the profession itself.' Dr. Niti Pall, the President Elect at International Diabetes Federation, Senior Consultant EssentiAll, France and Board Chair of Harbr & Managing Director of Health4all Advisory, UK, is a visionary clinical leader with a passion for delivering quality primary care. While practicing in Birmingham, UK, Dr. Pall has made impactful contributions to healthcare in 44 countries. She said 'Innovation in healthcare is impossible without the contributions of nurses, who are at the heart of patient-centered care. Recognizing their role in improving health outcomes and pioneering new approaches is crucial. As a returning jury member, I have seen extraordinary examples of nurses reshaping healthcare with their passion and commitment. It is an honour to once again be a part of this initiative that shines a spotlight on their invaluable work.' Aster has appointed Ernst & Young LLP (EY) as 'Process Advisors' to independently review the applications based on the defined eligibility criteria, moderate evaluation of the entries by an independent panel of experts and present a list of shortlisted candidates to the Grand Jury to determine the winner.
Mid East Info
21-04-2025
- Health
- Mid East Info
Global Health Experts appointed to Judge Aster Guardians Global Nursing Award 2025, to be held in Dubai - Middle East Business News and Information
Aster DM Healthcare, one of the largest integrated healthcare provider in the GCC and India, has unveiled the distinguished Grand Jury for the Aster Guardians Global Nursing Award 2025 in Dubai, UAE. This esteemed panel comprises of five leading healthcare experts: Prof. Sheila Tlou, Co-Chairperson of the Global HIV Prevention Coalition, Botswana, Special Ambassador of the African Leaders Malaria Alliance and Former Minister of Health, Botswana; Prof. James Buchan, Adjunct Professor at the WHO Collaborating Centre, University of Technology, Sydney, and Editor Emeritus of the Human Resources for Health Journal; Dr. Peter Carter, OBE Awardee and Independent Healthcare Consultant, Former CEO Central & Northwest London, NHS and Former CEO of Royal College of Nursing, UK; Dr. Niti Pall, President Elect at International Diabetes Federation, Senior Consultant at AXA EssentiAll, France and Board Chair of Harbr & Managing Director of Health4all Advisory, UK and Mr. Vishal Bali, Executive Chairman of Asia Healthcare Holdings & Senior Advisor, TPG Growth, and General Council Member, Neonates Foundation of India. Reflecting on the remarkable entries this year, Dr Azad Moopen, Founder Chairman, Aster DM Healthcare said, 'As we approach the 4thedition of Aster Guardians Global Nursing Awards, it is inspiring to witness the platform's evolution and its profound impact on the global nursing community. This year has seen an exceptional response from nurses worldwide, with over 100,000 registrations pouring in from 199 countries. The task ahead for our esteemed panel of judges is both exciting and challenging, as they shortlist 10 finalists of accomplished nurses making significant contributions in their respective fields and communities. One of these outstanding nurses will win the prestigious award, accompanied by a prize fund of USD 250,000.' 'We are thankful to our Grand Jury members who have believed in the cause and supported the initiative over the years, shaping it's growth journey. I am also excited to welcome Mr. Vishal Bali, Executive Chairman of Asia Healthcare Holdings, to the Grand Jury for this edition. With his vast experience in transforming healthcare systems and his dedication to advancing global healthcare, he brings invaluable expertise and a unique perspective to this prestigious panel' he added. Mr. Vishal Bali, who joins the Grand Jury for Aster Guardians Global Nursing Award this year, brings over 30 years of global healthcare leadership and a deep commitment to advancing excellence in patient care, making him a distinguished addition to the panel. On joining the Grand Jury for AGGNA 2025, he commented 'Nursing is a combination of intelligence, care and compassion. Nurses symbolise positivity, hope and change. These exceptional individuals are a critical part of our society as they devote themselves to the well-being of others, passionately helping and supporting their patients. They are sympathetic and empathetic. The Aster Guardians Global nursing award is an outstanding initiative to recognise and celebrate nurses who have made a career long contribution to nursing practice, resulting in a legacy of improved healthcare outcomes for individuals, communities and the wider global population. I am thrilled to be a part of this grand jury.' Professor Sheila Tlou, a former Minister of Health of Botswana, has shaped national nursing and medical education programs. She commented 'As a lifelong advocate for healthcare equity and nursing education, I have seen the critical role nurses play in transforming lives. Being a part of the Aster Guardians Global Nursing Award's Grand Jury once again, I am continually inspired by the extraordinary work nurses do across the world, often in the most challenging circumstances. This platform is a testament to their invaluable contributions to global healthcare.' Professor James Buchan, a seasoned policymaker and health systems expert, serves as an Adjunct Professor at the WHO Collaborating Centre, University of Technology, Sydney, and is the Editor Emeritus of the Human Resources for Health Journal. He commented 'Nurses are the backbone of healthcare systems worldwide, providing essential care and leadership in times of crisis and beyond. Having been on the jury since the inception of the awards, I have witnessed firsthand the incredible stories of innovation, perseverance, and impact from nurses in every corner of the world. This award is a vital initiative that not only celebrates their contributions but also elevates the profession's visibility and influence on healthcare policy and delivery.' Dr. Peter Carter, Former CEO Central & Northwest London, NHS, former CEO of the Royal College of Nursing UK and an independent healthcare consultant, boasts diverse experience, holding prestigious fellowships and receiving honors such as the OBE for his NHS service. Since his tenure at the RCN, he has worked nationally and internationally. He commented ' Throughout my career, I have had the privilege of working with outstanding nurses whose skills and dedication transform healthcare. Recognizing and rewarding excellence in nursing is crucial, and the Aster Guardians Global Nursing Award does just that – celebrating those who go above and beyond to advance patient care and the profession itself.' Dr. Niti Pall, the President Elect at International Diabetes Federation, Senior Consultant EssentiAll, France and Board Chair of Harbr & Managing Director of Health4all Advisory, UK, is a visionary clinical leader with a passion for delivering quality primary care. While practicing in Birmingham, UK, Dr. Pall has made impactful contributions to healthcare in 44 countries. She said ' Innovation in healthcare is impossible without the contributions of nurses, who are at the heart of patient-centered care. Recognizing their role in improving health outcomes and pioneering new approaches is crucial. As a returning jury member, I have seen extraordinary examples of nurses reshaping healthcare with their passion and commitment. It is an honour to once again be a part of this initiative that shines a spotlight on their invaluable work.' Aster has appointed Ernst & Young LLP (EY) as 'Process Advisors' to independently review the applications based on the defined eligibility criteria, moderate evaluation of the entries by an independent panel of experts and present a list of shortlisted candidates to the Grand Jury to determine the winner.
Zawya
21-04-2025
- Health
- Zawya
Global health experts appointed to judge Aster Guardians Global Nursing Award 2025, to be held in Dubai
Over 100,000+ registrations have been received from nurses from 199 countries; a 28% growth from the 3rd edition of the award which had received 78,000+ registrations Aster Guardians Global Nursing Award 2025 will be held in Dubai, UAE on May 26, 2025. Dubai – Aster DM Healthcare, one of the largest integrated healthcare provider in the GCC and India, has unveiled the distinguished Grand Jury for the Aster Guardians Global Nursing Award 2025 in Dubai, UAE. This esteemed panel comprises of five leading healthcare experts: Prof. Sheila Tlou, Co-Chairperson of the Global HIV Prevention Coalition, Botswana, Special Ambassador of the African Leaders Malaria Alliance and Former Minister of Health, Botswana; Prof. James Buchan, Adjunct Professor at the WHO Collaborating Centre, University of Technology, Sydney, and Editor Emeritus of the Human Resources for Health Journal; Dr. Peter Carter, OBE Awardee and Independent Healthcare Consultant, Former CEO Central & Northwest London, NHS and Former CEO of Royal College of Nursing, UK; Dr. Niti Pall, President Elect at International Diabetes Federation, Senior Consultant at AXA EssentiAll, France and Board Chair of Harbr & Managing Director of Health4all Advisory, UK and Mr. Vishal Bali, Executive Chairman of Asia Healthcare Holdings & Senior Advisor, TPG Growth, and General Council Member, Neonates Foundation of India. Reflecting on the remarkable entries this year, Dr Azad Moopen, Founder Chairman, Aster DM Healthcare said, "As we approach the 4thedition of Aster Guardians Global Nursing Awards, it is inspiring to witness the platform's evolution and its profound impact on the global nursing community. This year has seen an exceptional response from nurses worldwide, with over 100,000 registrations pouring in from 199 countries. The task ahead for our esteemed panel of judges is both exciting and challenging, as they shortlist 10 finalists of accomplished nurses making significant contributions in their respective fields and communities. One of these outstanding nurses will win the prestigious award, accompanied by a prize fund of USD 250,000.' 'We are thankful to our Grand Jury members who have believed in the cause and supported the initiative over the years, shaping it's growth journey. I am also excited to welcome Mr. Vishal Bali, Executive Chairman of Asia Healthcare Holdings, to the Grand Jury for this edition. With his vast experience in transforming healthcare systems and his dedication to advancing global healthcare, he brings invaluable expertise and a unique perspective to this prestigious panel' he added. Mr. Vishal Bali, who joins the Grand Jury for Aster Guardians Global Nursing Award this year, brings over 30 years of global healthcare leadership and a deep commitment to advancing excellence in patient care, making him a distinguished addition to the panel. On joining the Grand Jury for AGGNA 2025, he commented "Nursing is a combination of intelligence, care and compassion. Nurses symbolise positivity, hope and change. These exceptional individuals are a critical part of our society as they devote themselves to the well-being of others, passionately helping and supporting their patients. They are sympathetic and empathetic. The Aster Guardians Global nursing award is an outstanding initiative to recognise and celebrate nurses who have made a career long contribution to nursing practice, resulting in a legacy of improved healthcare outcomes for individuals, communities and the wider global population. I am thrilled to be a part of this grand jury.' Professor Sheila Tlou, a former Minister of Health of Botswana, has shaped national nursing and medical education programs. She commented 'As a lifelong advocate for healthcare equity and nursing education, I have seen the critical role nurses play in transforming lives. Being a part of the Aster Guardians Global Nursing Award's Grand Jury once again, I am continually inspired by the extraordinary work nurses do across the world, often in the most challenging circumstances. This platform is a testament to their invaluable contributions to global healthcare.' Professor James Buchan, a seasoned policymaker and health systems expert, serves as an Adjunct Professor at the WHO Collaborating Centre, University of Technology, Sydney, and is the Editor Emeritus of the Human Resources for Health Journal. He commented 'Nurses are the backbone of healthcare systems worldwide, providing essential care and leadership in times of crisis and beyond. Having been on the jury since the inception of the awards, I have witnessed firsthand the incredible stories of innovation, perseverance, and impact from nurses in every corner of the world. This award is a vital initiative that not only celebrates their contributions but also elevates the profession's visibility and influence on healthcare policy and delivery.' Dr. Peter Carter, Former CEO Central & Northwest London, NHS, former CEO of the Royal College of Nursing UK and an independent healthcare consultant, boasts diverse experience, holding prestigious fellowships and receiving honors such as the OBE for his NHS service. Since his tenure at the RCN, he has worked nationally and internationally. He commented ' Throughout my career, I have had the privilege of working with outstanding nurses whose skills and dedication transform healthcare. Recognizing and rewarding excellence in nursing is crucial, and the Aster Guardians Global Nursing Award does just that – celebrating those who go above and beyond to advance patient care and the profession itself.' Dr. Niti Pall, the President Elect at International Diabetes Federation, Senior Consultant EssentiAll, France and Board Chair of Harbr & Managing Director of Health4all Advisory, UK, is a visionary clinical leader with a passion for delivering quality primary care. While practicing in Birmingham, UK, Dr. Pall has made impactful contributions to healthcare in 44 countries. She said ' Innovation in healthcare is impossible without the contributions of nurses, who are at the heart of patient-centered care. Recognizing their role in improving health outcomes and pioneering new approaches is crucial. As a returning jury member, I have seen extraordinary examples of nurses reshaping healthcare with their passion and commitment. It is an honour to once again be a part of this initiative that shines a spotlight on their invaluable work." Aster has appointed Ernst & Young LLP (EY) as 'Process Advisors' to independently review the applications based on the defined eligibility criteria, moderate evaluation of the entries by an independent panel of experts and present a list of shortlisted candidates to the Grand Jury to determine the winner. About Aster DM Healthcare FZC in GCC Founded in 1987 by Dr. Azad Moopen, Aster DM Healthcare is a leading integrated healthcare provider, with a strong presence across 5 countries in the GCC and Jordan. Aster is committed to the vision of providing accessible and high-quality healthcare, from primary to quaternary services, with its promise of 'We will treat you well'. The organisation's robust integrated healthcare model includes 15 hospitals, 122 clinics, and 313 pharmacies in GCC serving all segments of the society through three differentiated brands: Aster, Medcare and Access. Aster consistently adapts to meet the evolving needs of patients, ensuring access to quality healthcare through both physical and digital channels which is exemplified with the launch of the region's first healthcare super app, myAster. About Aster DM Healthcare Limited, India Aster DM Healthcare Limited is one of the largest healthcare service providers operating in India with a strong presence across primary, secondary, tertiary, and quaternary healthcare through 19 hospitals with 5,128 beds, 13 clinics, 203 pharmacies (Operated by Alfaone Retail Pharmacies Private Limited under brand license from Aster), and 254 labs and patient experience centers across 5 states in India, delivering a simple yet strong promise to different stakeholders: 'We'll Treat You Well.' For more information about us, please contact:
