M&A

M&A

Aakash Healthcare buys hospital in Uzbekistan

BusinessLine  

New Delhi-based multi-specialty hospital Aakash Healthcare announced its foray into international markets with the acquisition of a hospital in Tashkent in Uzbekistan. The 50-bed operational hospital was acquired through ANVKA Healthcare for an initial investment of USD 4 million. Additional investments of USD 10 million is expected in the next three years as the company looks to upgrade the equipment, increase bed count and ramp up other facilities at the hospital. Around 200-odd direct jobs are expected to be created during the period. The hospital will cater to not only the people in Uzbekistan but also to the neighbouring countries that lack adequate healthcare infrastructure.