 "M&A deals in hospital sector hit a five-year high, says Icra report")
Credit rating agency Icra on Monday said the merger and acquisition (M&A) deals in the hospital sector jumped 155 per cent in 2018-19, amounting to Rs 7,615 crore as against Rs 2,991 crore in the previous year.
The two largest transactions involving the acquisition of stakes in two listed entities - Fortis Healthcare (Rs 4,000 crore) and Max Healthcare (Rs 2,351 crore) — account for 83 per cent of the value of the deals in the year under review. This is the highest value of M&A transaction in the sector in over five years. It is at a record high, according to Icra.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%