Kolkata : Apollo Hospitals on Wednesday said it has acquired a partially built hospital at Sonarpur in West Bengal's South 24 Parganas with a total capacity of 325 beds in a bid to ramp up its healthcare capacity in the eastern region. Future Oncology Hospital and Research Center was acquired in an all-cash deal of ₹102 crore by Apollo Multispecialty Hospitals, a wholly owned unlisted subsidiary of Apollo Hospitals Enterprises.
The acquisition is being fully funded through its own internal accruals, the company informed the bourses.
This will be the second Apollo Hospital in the Kolkata region and fifth in the eastern region.
The announcement comes close on the heels of Manipal Hospitals acquiring an 84 per cent stake in AMRI Hospitals having a total of 1,200 beds in three hospitals at an enterprise valuation of ₹2,500 crore.
The first phase of 225 beds will be commissioned in the next 12 months. —PTI