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Mumbai’s Thyrocare acquires Punjab’s Polo Labs for $613 million

India’s diagnostic market was around $8.66 billion in FY21, with the pathology sector accounting for ~60%. It is projected to grow to $25 billion by FY28, driven by attractive margins and growth potential. The sector has also seen considerable deal activity, including fundraising and mergers and acquisitions. In the latest acquisition, Mumbai-based Thyrocare, a fully automated diagnostic laboratory, has entered into a Business Transfer Agreement with Polo Labs, a Punjab-based pathology diagnostic company, to acquire their pathology diagnostic business.
July 26, 2024

India’s 2024-25 healthcare budget leaves private sector disappointed

India’s Finance Minister, Nirmala Sitharaman, presented the new coalition government’s first budget on July 23. The Bharatiya Janata Party (BJP) won the 2024 General Election, but fell short of securing an outright majority as they had hoped. The Union Budget for 2024-25 allocated ₹ 90,958 crore ($11.09 billion) to the Ministry of Health, an increase from ₹ 89,155 crore ($10.87 billion) in the previous fiscal year. This budget replaced the interim budget previously presented on February 1.
July 26, 2024

Learna’s new postgraduate course on AI for healthcare workers

Online medical education platform Learna has put together a postgraduate programme on AI use in medicine, aimed at healthcare professionals who want to brush up their understanding and skills in how AI works and how they can make use of it. Dr Anish Kotecha, Learna’s Head of Medical Education, spoke to us about the motivation for creating the course and what it covers.
July 22, 2024

EU Artificial Intelligence Act comes into law

The European Union's Artificial Intelligence Act (EU AI Act), was published last Friday in the Official Journal of the European Union, the final step in bringing the Act into law.
July 19, 2024
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