Nayati Healthcare today said it has acquired majority stake in two hospitals -- PrimaMed Super Speciality in Gurugram and Vimhans PrimaMed in South Delhi.
While the soon-to-be-launched hospital in Gurugram has 600 beds, Vimhans is a 75 bed facility, Nayati said in a statement.
Nayati Healthcare Chairperson and Promoter Niira Radia said: "The addition of PrimaMed will help us consolidate our position in North India and act as a strategic centre for the group."
The acquisition of majority stake in these two hospitals will help optimise clinical and service excellence, said the former PR entrepreneur.
When asked about the stake the company has acquired and the funding details, Nayati Healthcare Co-Promoter Rajesh Chaturvedi said: "We have acquired 51 per cent shareholding in OSL Healthcare which owns these two hospital facilities - one functional, one to be operational soon."
The transaction is being funded through a combination of debt, equity and internal accruals, he added. He however did not provide the details about the investment the company has made for the acquisition.
PrimaMed founder and now Vice Chairman of Nayati PrimaMed Hospitals Rajiv K Sharma said: "The new association will give us access to newer markets taking boon of medical science to communities which need it the most within the country as well as international medical tourism."
Nayati Healthcare currently operates two hospitals, one in Mathura and the other in Agra.
Disclaimer: No Business Standard Journalist was involved in creation of this content
