Workhardt Hospitals is planning to enter the capital market soon. Its first IPO will open on Jan 31.
Met with lukewarm response from a volatile market, Wockhardt Hospitals withdrew its IPO. It received bids only for 19.5%.
Wockhardt will divest a 24 per cent stake in its unlisted subsidiary, Wockhardt Hospitals.
Fortis is reportedly close to acquiring 10 hospitals of healthcare major Wockhardt for up to Rs 1,200 crore (Rs 12 billion) and an announcement could be made anytime now.
Wockhardt Hospitals, a leading speciality hospital chain, on Saturday announced its plans to open two hospitals in Hyderabad.
The Mulund complex, which already has a heart hospital, would also have speciality unit on bone and joint, Wockhardt chairman Habil Khorakiwala told reporters in Mumbai.
The company will open seven new super speciality hospitals at major locations across the country and increase the bed capacity of some of its existing super speciality hospitals at an investment of Rs 700 crore (Rs 7 billion) by 2010. Currently, the company has 17 super speciality hospitals with over 2,000 in-patient beds across the country, four in Bangalore, three in Mumbai, two each in Nagpur, Hyderabad and Kolkata, and one each in Rajkot, Surat, Bhavnagar and Nashik.
Mumbai-based healthcare firm Wockhardt Hospitals plans to set up 14 super-speciality hospitals across the country over the next two years, which could entail an investment of up to Rs 600 crore (Rs 6 billion). The company is focusing on tier II and tier III cities such as Goa, Bhopal, Nagpur among others for expansion besides metros like Delhi, he said.
Brain aneurysm is a severe disorder that affects 2 to 5 per cent individuals globally. Surprisingly, not many are aware about this as there are no definite symptoms; it can go undiagnosed for years.
The sale of the 10 hospital properties to Fortis Healthcare will help Khorakiwala repay the Rs 500 crore (Rs 5 billion) debt on Wockhardt Hospital's books.
Cricketer Suryakumar Yadav's surgery raises awareness about sports hernia, a painful condition that athletes tend to ignore.
Wockhardt hospitals has launched the "patient care rights" in India, becoming the first hospital in the country to launch such an initiative aimed at establishing the rights of every person who is in receipt of medical care at its facilities to prote
Dr Swapnil Sharma, a liver transplant, HPB and GI surgeon, helps us understand the symptoms of liver cancer is and how you can protect yourself and your loved ones from this disease.
'If there is one thing Shyam Benegal expressed best: It was the Poetry of the ordinary face and ordinary lives.'
Move comes within months of acquiring Wockhardt hospitals. Fortis Healthcare, a hospital chain promoted by former Ranbaxy owners Malvinder Mohan Singh and Shivinder Mohan Singh, is close to a major acquisition overseas
On Wednesday, September 28, on the eve of World Heart Day on September 29, Wockhardt Hospital Mumbai Central engaged with BEST -- Mumbai's public bus transport undertaking -- to create awareness of heart diseases by teaching CPR to 100 plus BEST staffers.
Pharma giant Wockhardt group promoted Wockhardt Hospital will invest Rs 500 crore (Rs 5 billion) in four Greenfield projects in the next three-year for its ultra super speciality clinics to be built in Mumbai, Delhi, Bangalore, and Kolkata.
Dr Rituja Ugalmugle, internal medicine specialist, Wockhardt Hospitals, lists the remedies to prevent and fight summer related ailments.
Even after the removal of breast tissue, it is possible that the cancer may recur in the chest wall or the area where the surgery was performed, warns Dr Meghal Sanghavi, oncosurgeon, at Wockhardt Hospitals.
When you're stressed, your body releases hormones like cortisol and adrenaline, which can interfere with your digestion process and cause excessive acid production, says Dr Aklesh Tandekar, head-consultant critical care, Wockhardt Hospitals.
'People don't need to take any added medication other than plain fever medication.'
Wockhardt Hospitals has reduced the price band of its upcoming IPO, following the volatility of the stock market.
The sector has expansion plans worth more than Rs 2,000 crore to increase their bed strength in response to robust demand. Fortis, which now manages 3,000 beds with a network of 26 hospitals, is planning to double capacity by 2012 with 40 hospitals. Apollo Hospitals, which has 7,500 beds in 43 hospitals in India and overseas, plans to add 2,000 beds in two years. Meanwhile, the 17-hospital Wockhardt chain will soon add hospitals at Kolkata, Mumbai and at Nasik in Maharashtra.
Several Indian states including Himachal Pradesh, Delhi, Goa, Madhya Pradesh and Bihar are offering their hospitals to the private sector to manage. This has elicited immediate positive reactions from private sector hospital chains - among them Fortis Healthcare, Apollo Hospitals and Wockhardt Hospitals.
Around 7.4 per cent of Indians aged 60 and above are affected by dementia. This number is expected to rise from the current 8.8 million to 17 million by 2036, marking a 97 per cent increase.
Dr Ashish Mishra, consultant interventional cardiologist, Wockhardt Hospitals, explains how smoking and alcohol can impair your heart health and lead to cardiac arrest.
The Wockhardt Group plans to invest Rs 400-500 crore to establish new super speciality hospitals in Delhi, Mumbai, Kolkata and Bangalore in the next three years, a top official of the group said on Saturday.
The board outside St Michael's Church at Mahim in north central Mumbai often has messages that bring a smile to the faces of drivers and passengers hurrying in thick traffic outside the church which draws worshippers from all faiths to its novena every Wednesday.
Changes in hormone levels often result in mood swings, anxiety and/or depression, causing erosion in self-esteem, body image perception and a general disinterest in sex in most women, says Dr Gandhali Deorukhkar, consultant-obstetrics and gynaecology, Wockhardt Hospitals, Mumbai.
Normal blood sugar levels typically should be less than 100 mg/dL. Average blood sugar before meals should be 70-130 mg/dL. Your blood sugar levels after one to two hours after a meal should be less than 180 mg/dL.
The 71-year-old music composer is suffering from a urinary infection causing a problem in his kidney, sources said.
Povidone iodine ointment and solutions are available in the market under various popular brands such as Betadine and Wokadine.
Treatment for arthritis is mainly focused on symptom management and slowing the progression of the disease, says Dr Vishal Shinde.
Three doctors and 26 nurses have tested positive for novel coronavirus in Wockhardt Hospital in Mumbai's Mumbai Central area.
We were aggressively expanding and investing heavily in various new hospital projects. But the global meltdown and crash of the markets put a lot of financial strain on us, says Habil Khorakiwala.
The Tata Institute of Social Sciences (TISS) is brimming with ideas and concrete plans for the new year and ahead
A team of cardiologists at the Wockhardt Hospital performed bypass surgery on the 15-month-old baby, the first of its kind in the country and one of the few such cases in the world.
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