M&A

M&A

IHH Healthcare to acquire remaining stake in Ravindranath GE Medical for Rs.740-Cr

Economic Times  

Malaysia's IHH Healthcare Bhd (through its wholly-owned subsidiary Gleneagles Development) will acquire the remaining stake in hospital chain operator Ravindranath GE Medical Associates (Global Hospitals), held by Dr. K Ravindranath and his affiliates, for around INR 740 crore. The target operates six multi-super-speciality hospitals across Hyderabad, Chennai, Bengaluru, and Mumbai, with a capacity of around 1,500 beds.

From the Venture Intelligence M&A Deals Database: In Aug 2015, IHH had acquired a 73.40% stake in Global Hospitals from its existing PE investors, Dr. K. Ravindranath, Dr. Haranath Policherla, and others. The remaining 26% stake was owned by Global Hospitals founder Dr K Ravindranath. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)