Suchirayu owns a multi-speciality hospital in Karnataka’s Hubli city with an operational capacity of 110 beds and a potential to scale up to 250 beds. HCG has been operating the hospital since August 2017
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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); 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HealthCare Global Enterprises’ share price added 4 percent in the morning trade to Rs 263 after the company acquired a majority stake in Suchirayu Healthcare Solutions.
“HealthCare Global Enterprises (HCG) announced the acquisition of an additional 60.9 percent in Suchirayu Healthcare Solutions, Hubli, thereby becoming a majority stake owner from its existing 17.7 percent to 78.6 percent,” the company said in a press release.
Suchirayu owns a state-of-the-art multi-speciality hospital in Karnataka’s Hubli city with an operational capacity of 110 beds and a potential to scale up to 250 beds.
HCG has operated and maintained the hospital since August 2017 and had the right to increase its stake up to 80 percent by July 2022.
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“We are confident that we will be able to derive multiple synergies with this acquisition. Hubli is an emerging geography with great potential, and the acquisition will deliver focused medical care into this micro-market,” said Dr BS Ajaikumar, Executive Chairman, HCG.
“We continue to explore opportunities in the regional cancer leaders’ space to further consolidate our dominant position,” he added.
At 9.59 am, Healthcare Global Enterprises was quoting at Rs 258.20, up Rs 5.85, or 2.32 percent, on the BSE.
