Apollo Hospitals Enterprise, India’s first multi-speciality chain of hospitals, on Monday announced the acquisition of a hospital asset in Gurugram from Nayati Healthcare and Research for a consideration of around Rs 450 crore.
The asset is situated on hospital-zoned land, with a potential of 650 beds over 700,000 square feet and was originally sold by DLF Qutub Enclave Complex Medical Charitable Trust in 2011 to Nayati. The acquisition marks the entry of Apollo in the state of Haryana. The hospital will establish the group's presence in the millennium city of Gurugram, one of India's fastest growing cities, with an aspirational populace, and substantial brand equity for Apollo Hospitals, owing to its existing footprint in the region, a company statement said. The transaction has been consummated through AHEL’s fully-owned subsidiary, Apollo Hospitals North Ltd, and funded using available surplus funds with the group.
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