VPS Healthcare has acquired New Delhi-based Rockland Hospitals

ACQUIRER

VPS Healthcare

ACQUIRER COMPANY TYPE

Unlisted

INDUSTRY (ACQUIRER)

Healthcare & Life Sciences

 

CITY (ACQUIRER)

Abu Dhabi

COUNTRY (ACQUIRER)

UAE

 

 

COMPANY

Rockland Hospitals

COMPANY TYPE

Unlisted

INDUSTRY

Healthcare & Life Sciences

SECTOR

Hospitals

CITY (TARGET)

Delhi

COUNTRY (TARGET)

India

 

 

 

VPS Healthcare, promoted by radiologist Shamsheer Vayalil, son-in-law of NRI tycoon M Yusuf Ali, has acquired New Delhi-based Rockland Hospitals. VPS will be investing Rs 1,500 crore for the 100% acquisition and further development of Rockland network in the National capital region (NCR). International Finance Corporation, which held a minority stake, exited as part of the deal. With the acquisition, the three hospitals in and around New Delhi and the fourth one in Noida will be rebranded as VPS-Rockland Hospitals.

 

Source:http://timesofindia.indiatimes.com/business/india-business/NRI-tycoon-buys-Delhis-Rockland-Hospitals/articleshow/53071308.cms