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India Waives 5% Service Tax on Private Healthcare

Patients seeking private medical treatment in India will no longer be faced with an upcoming 5 percent service charge. India's federal government last week announced the rollback of the planned tax on health-care services after encountering substantial pressure from opposition political parties, the healthcare industry as well as the general public. Giving his general budget speech before Parliament,…

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Fortis Puts in Superior Bid for Outstanding Parkway Shares

Fortis Healthcare Ltd. has made an offer for all remaining shares in Asian healthcare provider, Parkway Holdings, which surpasses the bid previously put forward by Malaysian government-run bank, Khazanah Nasional Berhad. Previously, Khazanah bid S$ 1.18 billion (US$ 835 million) to more than double its stake

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