Yatharth Hospital acquires 60 per cent stake for Rs 152 crore in 400-bedded hospital in Faridabad
New Delhi: Yatharth Hospital and Trauma Care Services announced on Wednesday that its board has approved the acquisition of a 60 per cent stake in a Faridabad-based hospital services company MGS Infotech Research and Solutions, which is yet to begin operations, for an enterprise value of ₹152 crore.
The target company is yet to commence a 400-bed hospital in Faridabad, Haryana.
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The acquisition will strengthen the company's presence in Delhi-NCR, it said.
The structure of the Faridabad-based hospital is completed and expected to be operational in 6-10 months from the date of acquisition, it added.
On Wednesday, Yatharth Hospital announced that it has emerged as the successful bidder of a super speciality hospital located in Delhi.
The acquired hospital is a well-established hospital in Model Town, New Delhi, it had stated, news agency PTI reported.
The hospital has an expandable capacity of 300-plus beds and caters to a large catchment of residential and institutional client base.
Also Read:Yatharth Hospital & Trauma Care raises Rs 120 crore in pre-IPO round
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