Cloudnine Hospitals in Advanced Talks to Acquire Apollo Cradle for ₹1,500 Crore

Cloudnine Hospitals, one of India’s leading maternity and paediatric care chains, is reportedly in advanced talks to acquire Apollo Cradle and Children’s Hospital (ACCHL) in a deal valued at around ₹1,500 crore, according to a report by the Economic Times. Sources told ET that Cloudnine has signed an exclusivity agreement and commenced due diligence about two weeks ago. Earlier, Moneycontrol had reported that Temasek-backed Cloudnine was among the contenders for the acquisition, alongside Kedaara Capital and TPG Growth-backed Asia Healthcare Holdings (AHH). Apollo Cradle, a unit of Apollo Specialty Hospitals, operates 13 maternity and infant care centres with around 363 beds across cities such as Bengaluru, Chennai, Delhi-NCR, Gurugram, Hyderabad, Amritsar, and parts of Uttar Pradesh. The company reported a ₹40 lakh net loss in the previous fiscal year. In June, Apollo Hospitals Enterprises Ltd (AHEL) had appointed Allegro Capital Advisors to identify potential buyers for the business. “Apollo Hospitals is deeply committed to the mother and child category, which remains a core element of our portfolio. We are exploring avenues to expand this category, ensuring we serve more women and children with the most advanced and compassionate healthcare available.” Cloudnine’s investors include True North, TPG NewQuest, and Temasek, which together hold around 77% stake in the company. Cloudnine reported ₹1,486 crore revenue in FY25, up 25% year-on-year, though operating margins dipped slightly to 13% from 14.7% in FY24 due to initial losses from newly launched facilities. #CloudnineHospitals #ApolloCradle #HealthcareNews #MaternityCare #PaediatricCare #HospitalAcquisition #Temasek #TrueNorth #TPG #IndiaHealthcare #HealthcareIndustry #MergersAndAcquisitions #ETReport