Apollo Hospitals Enterprise has entered into Definitive Agreements for the acquisition of a 51% majority stake in Assam Hospitals (AHL), which runs a 220 bed profitable hospital in Guwahati. The acquisition would be for an overall consideration not exceeding a sum of Rs 57.25 crore. The transaction would be subject to completion of due diligence, compliance of conditions precedent and other statutory formalities.
This acquisition will further strengthen Apollo Hospitals’ leadership position in the hospital space. The addition of a 220 bed facility in the Northeast region where the company already has strong brand equity is expected to further strengthen its presence in this region. Post-acquisition of a majority stake, the company is planning to upgrade as well as expand the capacity of the existing facility to 300 beds.
Apollo Hospitals is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7699.05 |
| Max Healthcare Inst | 1006.90 |
| Narayana Hrudayalay | 1825.55 |
| Aster DM Healthcare | 688.30 |
| Global Health | 1089.55 |
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