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Narayana Hrudayalaya to acquire Panacea arm for Rs 180 cr

Transaction intended to consolidate Narayana Hrudayalaya's footprint in northern cluster

Press Trust of India  |  New Delhi 

Narayana Hrudayalaya has entered into an agreement with Panacea Biotec to fully acquire its subsidiary NewRise Healthcare for an enterprise value of Rs 180 crore. 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. NewRise Healthcare has set up a multi-speciality hospital in Gurugram which is in final stages of completion and is expected to be commissioned within the next nine ...

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First Published: Fri, April 21 2017. 16:08 IST
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