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ETHealthWorld Narayana Hrudayalaya Ltd, which runs the Narayana Health network, announced on Friday the acquisition of UK-based Practice Plus Group Hospitals in a deal valued at around Rs 2,200 crore (GBP 188.78 million). The purchase, executed through an all-cash transaction, involves acquiring 100% of Practice Plus Group Hospitals Ltd’s equity shares.The acquisition will be carried out by Narayana Hrudayalaya UK Ltd, a wholly owned subsidiary of Health City Cayman Islands Ltd, according to the company’s filing on the BSE.Strategic global expansion moveAccording to the Dr Devi Shetty-owned company, the deal will give Narayana Health control of seven hospitals, three surgical centres, two urgent treatment units, and several diagnostic and ophthalmology centres with a combined capacity of 330 beds. Live EventsShetty said the move aligns with Narayana Health’s mission to make private healthcare more accessible and affordable. "Like Narayana Health, Practice Plus Group recognised that the majority of patients were struggling to access healthcare, while only a minority could afford costly private healthcare. We have both been working to meet the demands of those in between, and to offer a new choice of more accessible private healthcare."Meanwhile, Practice Plus Group CEO Jim Easton praised the partnership, saying Narayana Health’s reputation for quality and efficiency would strengthen their network’s capabilities.The acquisition marks Narayana Health’s entry into the UK healthcare sector, placing it among India’s top three hospital chains by revenue and expanding its global presence. The integration will enable the company to leverage its technology-driven healthcare model to boost efficiency, innovation, and long-term value creation across its new overseas operations.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onnarayana hrudayalaya ltdhealthcare acquisitionUK healthcare sectorNarayana Health networkPractice Plus Group Hospitalsmedical facilities acquisitionNarayana Hrudayalaya Ltdaffordable healthcare (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onnarayana hrudayalaya ltdhealthcare acquisitionUK healthcare sectorNarayana Health networkPractice Plus Group Hospitalsmedical facilities acquisitionNarayana Hrudayalaya Ltdaffordable healthcare(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
