Malaysian Healthcare Company Buys Major Stake in Global Hospitals for $195 Million

The hospital’s branches have around 1,100 beds and the number of beds are likely to increase by 800 beds to reach 1,900 beds in five years time.

Indian Global Hospitals chain's major stake bought by Malaysian IHH Healthcare for a whooping sum of $195 million.

"The acquisition and our existing hospitals will help us become one of the leading hospital chains in India," said Tan See Leng, managing director of IHH.

Pivotal Expansion: Lupin Pharmaceuticals Acquires US-Based Gavis for $880 Million
In a pivotal move to expand their global presence, an Indian Pharmaceutical company- Lupin Pharmaceuticals, acquired Gavis, a US- based privately- held company.

The hospital chain has 1,100 beds in Hyderabad, Bengaluru, Chennai and Mumbai in five hospitals, the number of beds are likely to increase by 800 beds to reach 1,900 beds in five years time. The Malaysian company also owns 10.85 percent in Apollo Hospitals chain.

Source-IANS

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