HealthCare Global Enterprises (HCG) has executed Business Transfer agreements (BTA) on August 10, 2023, with SRJ Health Care, and Amrish Oncology Services (AOSPL), including their promoters, for the acquisition of their Oncology business and Radiation business, respectively, on a slump sale basis, in Indore, Madhya Pradesh (collectively known as Business Undertaking).
This acquisition would enable HCG to enter into a new market – Indore. SRJ has strong surgical and medical oncology practice in Indore which is ably supplemented by AOSPL with its radiation oncology service. HCG proposes to further expand its operations in Indore, and in this regard has agreed to take over the upcoming oncology facility of SRJ in Indore, on a lease basis, which is expected to commence its operations in 2 years.
HealthCare Global Enterprises (HCG) is Bangalore based provider of speciality healthcare in India focused on cancer and fertility. It operates the largest cancer care network in India in terms of the total number of private cancer treatment centres licensed. It also operates fertility centres under the ‘Milann’ brand.
