Apollo Hospitals may acquire IHH Healthcare stake in Kolkata venture

Apollo Hospitals’ management has said that the company is interested in buying out stake from its Malaysia-based partner IHH Healthcare Berhad in its hospital in Kolkata — Apollo Gleneagles. The company is looking for bolt-on acquisitions to gain market share and strengthening operations in Bengaluru and Mumbai, apart from inducting more beds into the existing capacity and building new hospitals. Apollo Gleneagles, Kolkata, is a 50:50 joint venture between Apollo Hospitals and the Parkway Group, which is a part of IHH. Buying out stake from the JV partner also comes at a time.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.