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Bengaluru-headquartered Narayana Health on Friday announced its entry into the UK healthcare market with the acquisition of Practice Plus Group Hospitals, pledging to extend affordable care.Practice Plus Group operates 12 hospitals and surgical centres in the UK, specialising in orthopaedics, ophthalmology and general surgery. It is the fifth largest private hospital group in the UK, performing about 80,000 surgeries a year.In the UK healthcare market, the demand for surgeries, especially in the private sector, is projected to grow significantly in the coming years, the company said. It added that the acquisition has moved the group to among the top three healthcare providers in India by revenue.Narayana Health founder Dr Devi Prasad Shetty termed the deal as an incredibly exciting step for his company. The two hospital chains recognised that many patients were struggling to access healthcare, while only a minority could afford costly private healthcare, he said. "We have both been working to meet the demands of those in between, and to offer a new choice of more accessible private healthcare," he said.Practice Plus CEO Jim Easton said, "Dr Shetty and Narayana Health have an enviable reputation for high quality, efficient healthcare with a human touch and I'm excited about what Practice Plus Group's hospitals and surgical centres can achieve with the commitment and expertise of Narayana Health behind us."Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onNarayana Health UK acquisitionPractice Plus Group HospitalsUK healthcare marketaffordable healthcareorthopaedics and ophthalmologyNarayana Health revenueprivate hospital group UKhealthcare accessibility (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 Health UK acquisitionPractice Plus Group HospitalsUK healthcare marketaffordable healthcareorthopaedics and ophthalmologyNarayana Health revenueprivate hospital group UKhealthcare accessibility(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
