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Bupa Group eyes bigger play in India’s healthcare

CFO News

ET reported on June 23 that UK health insurer Bupa is in talks with True North to pick up an additional 15-20% stake in the insurance company at Rs 11,000-12,000 crore valuation. Niva Bupa is a JV between the Bupa Group and Fettle Tone LLP (an affiliate of True North Fund VI LLP), a leading Indian private equity firm.

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TD Bank Customizes Financial Services For Healthcare Industry

PYMNTS

TD Bank is introducing new services in Canada designed to address the unique financial services needs of the healthcare sector. The collaboration followed a previous deal announced with BizEquity that introduced a business valuation service for small business clients interested in selling their firms.

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UNTUCKit Aims For $600M Valuation

PYMNTS

The company, which is said to have enlisted the help of Morgan Stanley, is looking for a valuation north of $600 million, CNBC reported. The brand has already taken in $30 million through a Kleiner Perkins investment, which is said to have given it a valuation over $200 million. Rowe Price and Tiger Global. Rowe Price and Tiger Global.

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Online Health Startup Ro Raises $200M On $1.5B Valuation

PYMNTS

Reitano said he thinks there’s too much waste in the regular healthcare system and hopes to instead implement a model focused more on what patients need, with more transparent prices and health on demand. Some have thought of Ro as a company tailored toward millennials, but the average user age is 46, CNBC noted.

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Max, KKR in talks with TPG to buy Care Hospitals

CFO News

Preliminary discussions begin afresh as valuation falls to Rs 5800-6000 crore. KKR was the original backer of Abhay Soi led Radiant that acquired Max Healthcare.

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Tesla, Wynn, Traeger, Amazon and more

CFO News Room

Molina Healthcare — The health care company slid nearly 5% despite the company saying it expects revenue from California Medicaid to double under revised contracts. Evercore downgraded the stock to in line from outperform due to valuation. Traeger — The wood pellet grill maker dropped 8.3% CVS — Shares dipped 1%. Source link.

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Bed Bath & Beyond, Tesla, Expedia and more

CFO News Room

AbbVie — Shares of biopharmaceutical company AbbVie shed more than 1% after the CEO said at the JPMorgan Healthcare Conference that it expects the loss of exclusivity of Humira, its drug for arthritis and psoriasis, to affect the company’s performance in the near term, according to a report from Bloomberg. Source link.