Narayana Hrudayalaya to acquire UK's Practice Plus Hospitals

New Delhi: Narayana Hrudayalaya Ltd, which operates a healthcare chain under Narayana Health will acquire UK-based Practice Plus Group Hospitals for GBP 188.78 million (over Rs2,200 crore), according to a regulatory filing by the company. The acquisition is through cash consideration by acquiring 100 per cent equity shares of Practice Plus Group Hospitals Ltd. The shares shall be acquired by Narayana Hrudayalaya UK Ltd, wholly owned subsidiary of Health City Cayman Islands Ltd, Narayana Hrudayalaya said in filing on BSE late Thursday evening. "The total consideration for the acquisition is GBP 188.78 million for the 100 per cent stake comprising 60,001 equity shares of face value of GBP 0.02 each of Practice Plus Group Hospitals Ltd per share price for the acquisition will be GBP 3,146.29," it said.