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Apollo Hospital has acquired 51 percent stake in Assam Hospital

The Apollo Hospital Enterprise has acquired 51 percent stake in Assam Hospitals for the purpose of strengthening its presence in the north-eastern region.

Apollo Hospitals said,” The acquisition of Assam Hospitals Ltd, that runs a hospital in Guwahati, would be for an overall consideration not exceeding Rs 57.25 crore.”

“Apollo Hospitals Enterprise has entered into definitive agreements for the acquisition of a 51 per cent majority stake in Assam Hospitals Ltd which runs a 220-bed hospital in Guwahati,” it added.

The Managing Director Suneeta Reddy, Apollo Hospital said, “In order to strengthen Apollo’s position in the Northeast region, Apollo was on a lookout for acquisitions to grow inorganically and considers the acquisition as the right choice given its significant presence in the Northeast region.”

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