Hospital stocks fall as SC questions drug mark-ups

Hospital stocks came under pressure after the Supreme Court raised concerns over steep mark-ups on medicines sold through corporate hospitals.

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IHH plans to raise Fortis stake to 51%, expand capacity to 10,000 beds by 2031

IHH Healthcare aims to raise its stake in Fortis Healthcare to 51 percent within three to five years. The company intends to increase Fortis' total capacity to around 10,000 beds by 2031. This decision follows a Supreme Court ruling concerning a forensic audit of Fortis. IHH confirmed it was not involved in ongoing disputes between Fortis and prior management.

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'This is carnage', says SC on markup of 10 times on cancer drugs by hospitals

A bench of Justices Vikram Nath and Sandeep Mehta asked the Centre to look into the issue of hospitals mandating the purchase of medicines from their chemists and said it is the common man who suffers from this system.

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