Rainbow Medicare expands to Northeast
The acquisition, fully funded through RCML's cash reserves and internal accruals, values Pratiksha Hospital at an enterprise valuation of Rs171 crore. The company has signed a definitive agreement with the hospital's promoters for the stake purchase.
Post-acquisition, RCML will hold a majority share while founder-promoter Dr Pramod Kumar Sharma and his family will retain the remaining 24 per cent stake. Established in 1995, Dr Sharma is recognised as a pioneer in IVF and minimally invasive gynaecological surgery in Northeast India. Pratiksha Hospital began operations in Guwahati and achieved a milestone in February 1997 by delivering its first IVF baby.
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