Shalby Limited acquires majority stake in Sanar International Hospitals, Gurugram

Shalby Limited, India's leading multi‐specialty hospital, has announced a strategic investment in PK Healthcare Pvt Ltd with an acquisition of 87.26% equity stake for a consideration of Rs 102 Cr (approx). This equity stake will be acquired within a period of one month, through primary infusion and secondary buy‐outs.

The investment is in line with Shalby's strategy to accelerate its presence in the Delhi/NCR region with the vision to scale up international business and also to consolidate its presence in Northern part of India.

The Hospital is located at prime location of Golf Course Road, Gurugram. With a land parcel of 1.27 acres which has been taken on a long‐term lease. The current capacity of 130 beds facility can be expanded to the level of 180 beds with additional capex.

Sanar International Hospitals offers comprehensive, advanced surgical care in specialities such as Cancer, Heart, Blood and Marrow Transplant, Kidney & Liver Transplant, Bone & Joint and Neurosciences among other specialities.

With a team of experienced medical experts, state‐of‐the‐art facilities and world‐class infrastructure, the hospital has made a mark for itself not only amongst the domestic patients, but also the international patients coming to India for best medical care. At present the hospital generates around 70% business from international markets catering to more than 60 countries.

With this acquisition, Sanar International hospitals will be able take advantage of Shalby's global presence and leadership in Orthopaedics. Shalby will be able to serve its patients from international market and northern part of India, which will help to accelerate the revenue of the group.

Sanar International hospitals has multiple tie ups with various healthcare facilities across the globe and caters to requirements of its patients through 07 representative offices in Middle east, Africa, CIS, SAARC and other international locations.

Dr Vikram Shah, Chairman, Shalby Limited, said, "P K Healthcare Pvt Ltd in Delhi/NCR, is an exciting and valuable opportunity to have a meaningful play in the International markets and the northern region. The hospital has built a reputation both in domestic and international markets in short period of time on the back of its world class facility, services and expertise of experienced doctors, and paramedical team.

We strongly believe that with Shalby synergy, we have a potential to unlock value for all stakeholders and shareholders".

Shares of Shalby Limited was last trading in BSE at Rs. 293.05 as compared to the previous close of Rs. 296.30. The total number of shares traded during the day was 16715 in over 622 trades.

The stock hit an intraday high of Rs. 299.20 and intraday low of 292.30. The net turnover during the day was Rs. 4934658.00.

Source : Equity Bulls

Keywords

Shalby INE597J01018 MajorityStake Acquisiton SanarInternationalHospitals Gurugram PKHealthcare