Global Health Limited has informed the Exchange regarding Outcome of Board Meeting held on April 27, 2026.
MEDANTA · price
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Global Health Limited (Medanta) has approved acquisition of a 79-bedded cancer care hospital in Indore through a Business Transfer Agreement. The target hospital, currently operated by Asian Institute of Oncology Private Limited (AIOPL), will be acquired for Rs. 30 crores in cash. The hospital had turnover of Rs. 19.9 million for FY 2024-25. Medanta will also execute a fresh lease for an additional 1,700 sqft space. The acquisition is not a related party transaction and will be funded by internal accruals and debt. The transaction is expected to close much before the September 30, 2026 long stop date, subject to statutory approvals.
This acquisition adds 79 beds (2.2% increase to existing 3,579 beds) to Medanta's network and strengthens its oncology portfolio in Indore, leveraging synergies from proximity to its existing facility just 500 meters away.