Shalby Limited to complete the transaction for Gurugram Hospital
The Comapny, has announced a strategic investment in Healers Hospital Private Limited (Healers Hospital) with an acquisition of 100% equity stake for a consideration of Rs 104 Cr (approx). This equity stake will be acquired within a period of one month, through secondary buy‐outs.This investment is in continuation with Shalby’s strategy to consolidate asset base for its recent acquisition of Sanar International Hospital (P K Healthcare Pvt Ltd.) at Gurugram. Sanar International Hospital is currently operating under leased land held by Healers Hospital.
With this acquisition, Shalby has changed its business model from Leased model to ownedmodel for its recent acquisition of Sanar International Hospital in Jan 2024.
With this acquisition, Shalby will unlock the consolidated profitability of the group to the tuneof leased rentals expense, ensure the lifelong continuity of Sanar Hospital at owned land modeland also unlock the future value of asset being present at a prime location i.e. Golf Course Road, Gurugram.
Healers reported revenue Rs 6.73 Cr (Rental Income) , which will be net saving!!!
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