Shalby has entered into Term Loan Agreement to avail the Term Loan facility amounting to Rs 100 crore from Bajaj Finance for acquisition of 100% Equity shares of Healers Hospital and General Corporate Purpose.
The company is all set to acquire 100% equity stake in Healers Hospital for a consideration of around Rs 104 crore. This equity stake will be acquired within a period of one month, through secondary buy?outs.
This investment is in continuation with Shalby’s strategy to consolidate asset base for its recent acquisition of Sanar International Hospital (P K Healthcare) at Gurugram. Sanar International Hospital is currently operating under leased land held by Healers Hospital.
Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa.
