We hereby submit intimation regarding Hospital Asset Acquisition in Sector 40 Gurugram.
YATHARTH · price
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Yatharth Hospital & Trauma Care Services Ltd has approved the acquisition of a hospital asset from RNY Healthcare Services Private Limited in Sector 40, Gurugram. The deal involves purchasing 1.30 acres of land and an under-construction building with a potential capacity of ~250 beds. The acquisition is valued at Rs. 100 Crores, to be paid in cash consideration. The transaction is expected to close within 45 days and does not require any government or regulatory approvals. This is not a related party transaction and will enhance the company's presence in the Delhi NCR region.
This acquisition is positive for shareholders as it expands Yatharth's hospital network in the high-growth Delhi NCR market with a 250-bed facility at a cost of Rs. 100 Crores, representing a strategic growth move within their core healthcare business.