Medanta to acquire 80-bed cancer hospital in Indore
Gurugram: Global Health Limited ''Medanta'', one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India, has announced plans to takeover 80 bedded Cancer Hospital in Indore, Madhya Pradesh, under a Business Transfer Agreement (BTA).
This takeover will further strengthen Medanta’s presence in Central India and complements its existing 175-bedded multi-speciality hospital.
Strategically located just 500 meters from the current Medanta Indore facility, the newly-built Cancer Care Hospital will enable the launch of a comprehensive oncology program, enhancing Medanta’s specialty offerings in Indore. The integration is expected to drive operational synergies, optimise capacity utilisation, and improve patient flow across both facilities.
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Under the Business Transfer Agreement, Asian Institute of Oncology Private Limited, as the transferor, will transfer the Indore Business Undertaking (AIOPL Indore) as a going concern to Medanta, the transferee. Medanta will pay a consideration of Rs. 30 crores for the transfer of business, including the assignment of the long-term lease.
Commenting on the transaction, Mr. Pankaj Sahni, Group CEO, Medanta, said, “The takeover of the 80-bedded Cancer hospital in Indore is an extension of Medanta’s existing hospital in the city. With state-of-the-art oncology infrastructure, this facility enables us to add comprehensive cancer care, a previously missing specialty while further expanding our existing range of services. The hospital complements our Indore campus, enhancing patient access and creating operational synergies across the two facilities. This integration reinforces Medanta’s commitment to delivering advanced, patient-centric healthcare and strengthening our position as a leading provider of specialised, high-quality care in the region.”
Medical Dialogues had earlier reported that Medanta, one of the largest private multi-specialty tertiary care providers in North and East India, has announced plans to set up a 400-bed multi-specialty hospital in the heart of Varanasi.
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