| Parkway Hospital, owned by Malaysia's biggest healthcare group IHH, has acquired 74 per cent stake in Hyderabad-based Global Hospitals for an equity value of Rs 1,800 crore, two people with direct knowledge of the development said. Malaysia’s sovereign wealth fund Khazanah Nasional is the majority shareholder of IHH Healthcare.
The global healthcare chain has bought the stake of private equity investor Everstone Capital, Anand Rathi Capital Advisor Pvt Ltd and some individual investors in the unlisted chain specialising in liver transplants. The rest 26 per cent stake will continue to be owned Global Hospitals founder Dr K Ravindranath, these people said. The chain has a debt of Rs 350 crore...............................................Full Article: Source
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