Narayana Health Expands Global Reach with £189M UK Acquisition

Indian Hospital Chain Narayana Health Makes UK Foray with $248 Million Acquisition Narayana Health, the Indian hospital chain founded by billionaire cardiac surgeon Devi Shetty, has made its first foray into the UK market with the acquisition of Practice Plus Group Hospitals for £189 million ($248 million). The deal marks a significant expansion for Narayana Health, which has been growing rapidly in India and other international markets. According to a recent stock exchange filing, Narayana Hrudayalaya U.K., the company's UK unit, will acquire all 60,001 shares of Practice Plus Group, representing a 100% stake, at £3,146 per share. The acquisition is expected to be completed in the coming months, subject to regulatory approvals. The financial details of the deal are substantial, with Narayana Health committing to pay a total of £189 million for the acquisition. This represents a significant investment for the company, which has been expanding its operations in India and other international markets. The acquisition is also expected to be funded through a combination of debt and equity financing. The acquisition of Practice Plus Group Hospitals is expected to have a significant impact on the UK healthcare market. Practice Plus Group operates a network of 18 hospitals and clinics across the UK, providing a range of healthcare services to patients. The acquisition will enable Narayana Health to expand its presence in the UK market and offer a wider range of healthcare services to patients. Narayana Health has been growing rapidly in India and other international markets, driven by its focus on providing high-quality and affordable healthcare services to patients. The company has a strong reputation for its cardiac surgery services, and has been expanding its operations in other areas such as cancer care and orthopedics. The UK healthcare market is highly competitive, with a number of established players operating in the market. However, Narayana Health's focus on providing high-quality and affordable healthcare services is expected to be a key differentiator in the market. The company's acquisition of Practice Plus Group Hospitals is expected to be a significant step in its expansion plans for the UK market. In a statement, Devi Shetty, chairman of Narayana Health, said that the company had been working to meet the demands of patients who were struggling to access healthcare, while also offering a choice of more accessible private healthcare options. "We have both been working to meet the demands of those in between, and to offer a choice of more accessible private healthcare options," he said. The acquisition of Practice Plus Group Hospitals is expected to be a significant milestone for Narayana Health, marking its first foray into the UK market. The company's expansion plans for the UK market are expected to be closely watched by industry analysts and investors, who will be keen to see how the company performs in its new market.