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Emami aims to invest Rs 400 crore for healthcare acquisitions

29 Jun 2011 Evaluate

Emami is exploring for acquisitions in the healthcare space to expand the footprint of its hospitals business in the country. Emami and Shrachi Groups’ AMRI Hospital, is also in the process of investing Rs 400 crore to increase the number of beds it operates to around 1,500 this fiscal from 900 at present. Currently Emami’s presence is only in the eastern region now it is looking to acquire hospitals to expand in the rest of the country.

The company holds 66% stake in AMRI, Kolkata-based developer Shrachi has a 30% stake and the West Bengal government holds the remaining stake. It currently has three hospitals in West Bengal, while one more is coming up in Orissa. It is also looking to set up hospitals at Siliguri, Rajarhat, Ranchi, Patna and Raipur.

By next fiscal the firm expects to achieve a turnover of Rs 1,000 crore from the hospitals business, up from Rs 300 crore at present. There were reports earlier that the firm is looking to raise up to Rs 100 crore through private equity funding to expand its footprint.

Emami Share Price

430.00 5.75 (1.36%)
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