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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.
Also Read:Yatharth Hospital receives order from MP Govt for takeover of Ramraja Hospital premises
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
Kajal joined Medical Dialogue in 2019 for the Latest Health News. She has done her graduation from the University of Delhi. She mainly covers news about the Latest Healthcare. She can be contacted at editorial@medicaldialogues.in.