IHH Healthcare beefs up stake in India’s Gleneagles Global Hospitals

The SG-based healthcare provider acquired the additional stake for $121.1m.

IHH Healthcare, through its wholly-owned subsidiary Gleneagles Development Private Limited, has bought out the remaining stake in Ravindranath GE Medical Associates Private Limited (RGE) for a consideration of $121.1m (INR 7.4b / RM 415m).

IHH Healthcare acquired the remaining stake from Dr. Ravindranath Kancherla and his affiliates.

Ravindranath is the founder of RGE, which owns the chain of Gleneagles Global Hospitals in India. It operates six multi-super-specialty hospitals across Hyderabad, Chennai, Bangalore, and Mumbai.

In an announcement, the SG-based healthcare provider expects to complete the transaction by the fourth quarter of 2023.

“With this transaction, IHH will strengthen its leading position as a tertiary and quaternary care platform, including multi-organ transplants, in India and across its key markets,” IHH Healthcare said.

Follow the link for more news on

IHH Healthcare

Acquisitions

Also Read

Singaporeans' physical well-being at highest level since 2019

SingHealth partners with OutcomesAI to integrate AI into medical workflows

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit