Acquisition of Shantived Hospital - Yatharth Hospital & Trauma Care Services Ltd

Code BSE: 543950 NSE:

Yatharth Hospital and Trauma Care Services Ltd a leading super speciality hospital group in North India, has entered into a strategic agreement to acquire 100% stake in Shantived Institute of Medical Sciences (Shantived Hospital), Agra, at a valuation of Rs 260 crore, in an all-cash deal Commenting on the acquisition, Mr. Yatharth Tyagi, Director, Yatharth Hospitals said “This strategic acquisition strengthens Yatharth Hospital’s footprint in Uttar Pradesh and enhances our position as an integrated healthcare leader in North India. By establishing the first corporate hospital in the city of Taj, we aim to serve a large population whose need for advanced super speciality care has remained underserved. With excellent connectivity via the Delhi-Agra highway and Yamuna Expressway, the acility will also serve as a feeder for oncology and organ transplant patients to our established hospitals across the NCR region. "