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Narayana Hrudayalaya enters into definitive agreement to acquire NewRise Healthcare

Capital Market 

From Panacea Biotec

Hrudayalaya has entered into a definitive agreement to acquire 100% stake in NewRise Healthcare from to announce its first hospital in Gurugram.

This multi-speciality hospital is in final stages of completion and is expected to be commissioned within the next 9 months. Located in South-Western part of NCR, it complements group's East Delhi based Dharamshila Superspeciality Hospital which is presently an oncology focused unit and will be upgraded to a multispeciality tertiary care unit. This will help create a strong regional network and drive operational synergies.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 21 2017. 13:03 IST