Gujarat Kidney and Super Speciality has secured its Board’s approval to acquire 100% equity stake in Parekhs Hospital for a consideration of Rs 77 crore. The Board has also accorded its approval to execute share purchase agreement with the promoter group of Parekhs Hospital. The acquisition is expected to be completed within around 2 months.
Upon the acquisition, the Parekhs Hospital will become a wholly owned subsidiary of the company. The acquisition will help the company to strengthen its presence in the healthcare sector and to diversify its business portfolio.
Gujarat Kidney and Super Speciality operates a chain of mid-sized multi-speciality hospitals, providing integrated healthcare services, with a focus on secondary (which are surgical services) and tertiary care (which are super speciality surgical services).
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7515.25 |
| Max Healthcare Inst | 951.20 |
| Narayana Hrudayalay | 1769.10 |
| Aster DM Healthcare | 665.85 |
| Global Health | 1060.95 |
| View more.. | |
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