HealthCare Global Enterprise (HCG) acquires a 51% stake in Vizag Hospital, a cancer care hospital in Visakhapatnam, Andhra Pradesh.
HealthCare Global Enterprise (HCG) acquires a 51% stake in Vizag Hospital, a cancer care hospital in Visakhapatnam, Andhra Pradesh, with 196 operational beds and a well-built hospital infrastructure. The remaining 49% stake will be acquired in two tranches. The acquisition is expected to boost HCG's annual EBITDA by Rs 3 per share and solidify its position in the Vizag region; the private cancer care services market in Visakhapatnam is growing at 15%+ YoY.
June 28, 2024
3 Articles