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Narayana Health to acquire hospital in Gurugram for Rs 180 crore

New Delhi: Bengaluru-based Narayana Hrudayalaya has entered into an agreement with Panacea Biotec to fully acquire its subsidiary NewRise Healthcare for Rs 180 crore.

NewRise Healthcare has set up a multi-speciality hospital (Panacea NewRise Super Specialty Hospital) in Gurugram which is in final stages of completion and is expected to be commissioned within the next nine months, reports HT.

Founded in 2000 by Dr Devi Prasad Shetty, Narayana Hrudayalaya has a network of 23 hospitals and 7 heart centres across India and a single hospital overseas at Cayman Islands with over 5,700 operational beds across all its centres.

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