We hereby submit intimation regarding Hospital Asset Acquisition in Sector 40 Gurugram.
YATHARTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Yatharth Hospital & Trauma Care Services Ltd has approved acquisition of a hospital asset from RNY Healthcare Services Private Limited located at Sector 40, Gurugram. The deal involves purchase of 1.30 acres of land and a building under construction for Rs. 100 crores in cash. The facility has potential bed capacity of approximately 250 beds. The acquisition is on as-is-where-is basis and will be completed within 45 days. Additionally, the company expects to invest another Rs. 100 crores towards medical equipment and fit-outs. This is not a related party transaction and does not require any regulatory approvals.
The acquisition will expand Yatharth's footprint in the Delhi NCR region with a new 250-bed facility, strengthening its market presence. While the deal size is manageable, shareholders should note the additional Rs. 100 crore capex requirement for medical equipment, taking total investment to Rs. 200 crore.