Promoter-driven firms and hospital operators are targeting stressed healthcare assets through insolvency processes due to lower valuations....

The Amravati bench at Mangalagiri of the National Company Law Tribunal approved a ₹171 crore resolution plan against ₹1,361.89 crore admitt...

Abhilash Lal, the EY-backed resolution professional of the hospital chain, has written to the Municipal Corporation of Greater Mumbai (MCGM...

JP Morgan Chase-backed SevenHills Hospital, which operates 1,500 beds in Mumbai and 303 beds in Visakhapatnam, is undergoing insolvency pro...

Doctors at SevenHills Hospital in Andheri have treated a 40-year-old who went from mildly symptomatic to high oxygen dependence in four day...

The BMC’s estimate of 26,000 comes from arrivals at the city’s airport and information about travellers obtained from the Centre; 23 flight...

Despite being endorsed by a Bollywood superstar, SevenHills failed to take off in Mumbai on the back of poor location and mismanagement.

The Bank of America-JM combine has bought Rs 910 crore of SevenHills’ total debt of Rs 1,300 crore from the lenders led by Axis Bank.

Apart from Axis, an SBI consortium, Allahabad Bank, Union Bank of India, Punjab & Sind Bank, UCO Bank, Canara Bank, Central Bank and Bank o...

JP Morgan is discussing debt mop-up from lenders led by Axis Bank so that it could push for strategic changes in business, and prepare it f...

Meanwhile, lenders of the chain, led by Axis Bank, moved court to seek repayment of dues of about Rs 900 crore.

The bench today suggested companies which set aside funds towards Corporate Social Responsibility (CSR) to consider giving two per cent of ...

The Ambanis had shown a preliminary interest when Dr Maganti hit the market to raise funds two years ago, but talks didn't progress, source...

The possible transaction will mark the biggest M&A deal after Fortis bought Wockhardt's 10 hospitals for Rs 909 crore in 2009.

The private equity arm JP Morgan will infuse capital to keep afloat SevenHills Hospital and convince lenders to restructure its loans.

The private equity arm of the US bank JP Morgan will infuse capital to keep afloat SevenHills Hospital and convince lenders to restructure ...

Axis Bank has the highest share of SevenHill’s liabilities at Rs 416 crore, followed by Union Bank of India at Rs 63 crore and Allahabad Ba...