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Narayana Hrudayalaya to buy NewRise Healthcare

Reuters 

- Healthcare services provider Hrudayalaya Ltd said it would buy NewRise Healthcare Private Ltd from Ltd for an enterprise value of 1.80 billion rupees ($27.87 million).

The acquisition will help expand its footprint in Gurugram in northern India, Hrudayalaya said on Friday. http://bit.ly/2oayd4R

NewRise Healthcare, the 230-bed multi-speciality hospital, is in final stages of completion, and is likely to be commissioned in the next nine months, Bengaluru-based Hrudayalaya added.

On separate note, said its associate company PanEra Biotec Private Ltd would sell all of its preference shares in NewRise Healthcare to Hrudayalaya.

Shares of New Delhi-based jumped as much as 9.8 percent, to their highest since March 2, while Hrudayalaya's stocks were little changed.

($1 = 64.5850 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sherry Jacob-Phillips)

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

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Narayana Hrudayalaya to buy NewRise Healthcare

REUTERS - Healthcare services provider Narayana Hrudayalaya Ltd said it would buy NewRise Healthcare Private Ltd from Panacea Biotec Ltd for an enterprise value of 1.80 billion rupees ($27.87 million).

- Healthcare services provider Hrudayalaya Ltd said it would buy NewRise Healthcare Private Ltd from Ltd for an enterprise value of 1.80 billion rupees ($27.87 million).

The acquisition will help expand its footprint in Gurugram in northern India, Hrudayalaya said on Friday. http://bit.ly/2oayd4R

NewRise Healthcare, the 230-bed multi-speciality hospital, is in final stages of completion, and is likely to be commissioned in the next nine months, Bengaluru-based Hrudayalaya added.

On separate note, said its associate company PanEra Biotec Private Ltd would sell all of its preference shares in NewRise Healthcare to Hrudayalaya.

Shares of New Delhi-based jumped as much as 9.8 percent, to their highest since March 2, while Hrudayalaya's stocks were little changed.

($1 = 64.5850 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sherry Jacob-Phillips)

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

image
Business Standard
177 22

Narayana Hrudayalaya to buy NewRise Healthcare

- Healthcare services provider Hrudayalaya Ltd said it would buy NewRise Healthcare Private Ltd from Ltd for an enterprise value of 1.80 billion rupees ($27.87 million).

The acquisition will help expand its footprint in Gurugram in northern India, Hrudayalaya said on Friday. http://bit.ly/2oayd4R

NewRise Healthcare, the 230-bed multi-speciality hospital, is in final stages of completion, and is likely to be commissioned in the next nine months, Bengaluru-based Hrudayalaya added.

On separate note, said its associate company PanEra Biotec Private Ltd would sell all of its preference shares in NewRise Healthcare to Hrudayalaya.

Shares of New Delhi-based jumped as much as 9.8 percent, to their highest since March 2, while Hrudayalaya's stocks were little changed.

($1 = 64.5850 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sherry Jacob-Phillips)

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

image
Business Standard
177 22