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Narayana Hrudayalaya to acquire 100% stake in NewRise Healthcare

Narayana Hrudayalaya to acquire 100% stake in NewRise Healthcare

Narayana Hrudayalaya (NH) has entered into a definitive agreement to acquire 100% stake in NewRise Healthcare from Panacea Biotec to announce its first hospital in Gurugram. This transaction is intended to consolidate company’s footprint in the Northern cluster and therefore serve the region’s fast expanding healthcare space.

With a flexible business model, the company aims to fast track its penetration and emerges as a prominent healthcare services provider in the growing NCR market. This multi-speciality hospital is in final stages of completion and is expected to be commissioned within the next 9 months.

Narayana Hrudayalaya is one of the leading private healthcare service providers in India, operating a chain of multispecialty, tertiary and primary healthcare facilities.

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