The company has "entered into a definitive agreement to acquire 100 per cent stake in NewRise Healthcare Pvt Ltd from Panacea Biotec Ltd to announce its first hospital in Gurugram", Narayana Hrudayalaya said in a BSE filing on Friday.
This transaction is intended to consolidate Narayana Hrudayalaya's footprint in the northern cluster.
"This development is a step forward in the direction towards reinforcing the newly formed Northern cluster. It also echoes our group's commitment towards developing this region as vibrant as the existing Karnataka and Eastern clusters", Narayana Hrudayalaya Vice Chairman, MD and Group CEO Ashutosh Raghuvanshi said.
The group believes its recent ventures in NCR will help it target this key region more efficiently while accelerating trajectory to become a true pan-India healthcare service provider, he added.
Founded in 2000 by Devi Prasad Shetty, Narayana Hrudayalaya has a network of 23 hospitals and 7 heart centres across India and a single hospital overseas at the Cayman Islands with over 5,700 operational beds across all its centres.