The purchase signifies Apollo Hospitals’ entry into the state of Haryana. The proposed integrated healthcare complex on Gurugram’s Golf Course Road will be completed within 24 months,
Apollo Hospitals announced that it had purchased a hospital asset from Nayati Healthcare and Research NCR Private Limited for about Rs 450 crore. The facility is located in Gurugram, Haryana, and is on land that has been designated as a hospital.
It has a capacity of 650 beds and spans seven lakh square feet. DLF Qutub Enclave Complex Medical Charitable Trust initially sold the asset to the vendor in 2011. The purchase signifies the group’s entrance into the state of Haryana. In a matter of 2 years, the new Gurgaon integrated hospital complex will be put into operation.
Through its experienced professors and global partnerships, it would work to provide cutting-edge clinical solutions and services to the state’s and NCR residents, and it would firmly establish the city as a global center of healthcare.
How Does Apollo Group Of Hospitals Make This Happen
Dr. Prathap C. Reddy, chairman of the Apollo Hospitals Group, says, we are committed to bringing our proven focus on excellent clinical outcomes. The state-of-art Apollo Hospitals ecosystem, includes preventive health management, pharmacies, day surgery centres, birthing centres, primary care facilities and diagnostics. It also consists of home care, geriatric care, restoration, and assisted living, makes it India’s largest healthcare platform.
The proposed hospital, which is spread across 5.63 acres of land, will be the first location of a hospital chain in the state of Haryana. Patients from the NCR region and international medical visitors will be its target audience.
In addition, the proposed Gurugram site would serve as a hub for the incubation of start-ups, accelerators, and innovations in digital healthcare, and it would collaborate with the Haryana government to achieve the objectives set out by the state’s health policy vision.
Dr. Prathap C. Reddy is pleased that Apollo Hospitals has increased its footprint in the North India, a critical area of focus for us. The Apollo Group of hospitals is committed to delivering our demonstrated focus on excellent clinical outcomes, together with the finest of the Apollo Hospitals environment.
Atlas Law Partners Works As A Legal Partner
The deal was completed through AHEL’s fully owned subsidiary, Apollo Hospitals North Ltd., and was financed with group-available surplus money. While Giriraj Subramanium, an advocate, served as the legal representative for M/s Nayati Healthcare and Research NCR Pvt. Ltd.
Atlas Law Partners served as the transaction’s legal counsel for Apollo Hospitals North Ltd. The corporation reports that all essential consents from the courts, shareholders, and lenders have been received in order to sell the hospital asset.
The purchase represents a significant turning point in Apollo Hospitals’ illustrious career in Indian healthcare and the group’s debut into the state of Haryana. The hospital will establish the organization’s presence in Gurugram, one of India’s fastest-growing cities with affluent residents and a significant brand presence.
Source- The Economic Times