Apollo Hospitals said it has acquired a hospital asset in Gurugram, situated on hospital zoned land, with a potential of 650 beds over 7 lakh square feet, from Nayati Healthcare and Research NCR Private Limited (Nayati) for around Rs 450 crores.
The asset is located on the Golf Course Road at Gurugram. The land was originally sold by DLF Qutub Enclave Complex Medical Charitable Trust in 2011 to Nayati.
The transaction has been consummated through Apollo Hospitals 100% subsidiary, Apollo Hospitals North, and funded using available surplus funds with the group.
Apollo is planning to commission an integrated healthcare complex located in a span of 24 months.
Spread across 5.63 acres of land the proposed hospital, will mark hospital chain’s entry in the state of Haryana. It will be targeting patients from NCR Region and overseas medical value travelers.
The proposed Gurugram facility would also be at the centre of incubating advancements in digital healthcare, healthcare accelerators and start-ups, and would be working with Haryana government towards meeting the goals and targets put forth by the state’s health policy vision.
“I am delighted that Apollo Hospitals has added to its presence in the North, a key area of focus for us, said Dr Prathap C Reddy, chairman, Apollo Hospitals.
“We are committed to bringing our proven focus on outstanding clinical outcomes, along with the best of the Apollo Hospitals ecosystem,” Reddy added.
Atlas Law Partners acted as legal advisors on the transaction for Apollo Hospitals.
