Overview
- Narayana Hrudayalaya UK Ltd, a wholly owned subsidiary of Health City Cayman Islands Ltd, will acquire 100% of the equity for cash, according to the BSE filing.
- Completion is slated within six business days of the agreement unless the parties set a different date in writing.
- Practice Plus Group Hospitals operates 12 hospitals and surgical centres with about 330 beds and performs roughly 80,000 surgeries each year.
- About 93% of the target’s revenue comes from NHS-contracted services, according to Financial Express reporting.
- Narayana plans to integrate the UK network into its ecosystem and apply its technology-led operating model, including its Athma platform, to drive efficiency and throughput.