Liquidity Events
Apollo Hospitals acquires 60% stake in AyurVAID for Rs.26.4 Cr
Publicly listed Apollo Hospitals Enterprise Ltd has acquired a 60% stake in Kochi-based AyurVAID Hospitals - operated by Kerala First Health Services Pvt Ltd - for INR 26.4 crore, via primary and secondary infusion. The primary investment will be used to upgrade existing centres, set up new centres, strengthen enterprise platforms, and for digital health initiatives. The target company had reported a turnover of INR 9.34 Cr for FY 22. It is aiming for revenues of over INR 15 crore for FY23.
From the Venture Intelligence PE-VC Deal Database: In Jun-2008, AyurVAID Hospitals had raised USD 1 M from Acumen Fund.
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