Monday , 29 November 2021
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HealthCare Global Enterprises acquires additional 60.9% stake in Suchirayu Healthcare Solutions

HealthCare Global Enterprises acquires additional 60.9% stake in Suchirayu Healthcare Solutions

HealthCare Global Enterprises (HCG) has acquired additional 60.9% stake in Suchirayu Healthcare Solutions (Suchirayu), Hubli, thereby becoming a majority stake owner from its existing 17.7% to 78.6%. Suchirayu owns a state-of-the-art multi-speciality hospital in Hubli with an operational capacity of 110 beds and a potential to scale up to 250 beds. HCG has operated and maintained the said entity’s hospital since August 2017 and had the right to increase its stake up to 80% in July 2022.

HCG also owns and operates a standalone Cancer Centre at Hubli, and the acquisition is expected to create synergetic benefits and market leadership in the geography. HCG and the current group of promoter doctors decided to bring HCG on board to collectively enhance the value moving forward. HCG has a successful track record of integrating acquisitions, and this acquisition will be in line with HCG’s strategy going forward.

HealthCare Global Enterprises (HCG) is Bangalore based provider of speciality healthcare in India focused on cancer and fertility. It operates the largest cancer care network in India in terms of the total number of private cancer treatment centres licensed. It also operates fertility centres under the ‘Milann’ brand.