Apollo Hospitals’ management has said that the company is interested in buying out stake from its Malaysia-based partner IHH Healthcare Berhad in its hospital in Kolkata — Apollo Gleneagles. The company is looking for bolt-on acquisitions to gain market share and strengthening operations in Bengaluru and Mumbai, apart from inducting more beds into the existing capacity and building new hospitals.
Apollo Gleneagles, Kolkata, is a 50:50 joint venture between Apollo Hospitals and the Parkway Group, which is a part of IHH. Buying out stake from the JV partner also comes at a ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Mon, February 24 2020. 02:17 IST
