Latest news with #PramodKumarSharma
Hans India
2 days ago
- Business
- Hans India
Rainbow Medicare expands to Northeast
Hyderabad: Hyderabad-based Rainbow Children's Medicare Ltd (RCML), a leading multi-speciality pediatric hospital chain, announced on Tuesday that it will acquire a 76 per cent controlling stake in Guwahati-based Pratiksha Hospital for around Rs171 crore. 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.
News18
3 days ago
- Business
- News18
Rainbow Children's Medicare to acquire 76 pc stake in Pratiksha Hospital
New Delhi, Aug 12 (PTI) Multi-speciality pediatric hospital chain Rainbow Children's Medicare Ltd on Tuesday said it will acquire a 76 per cent stake in Guwahati-based Pratiksha Hospital for around Rs 171 crore. The Hyderabad-based healthcare firm has inked a definitive agreement with promoters of Pratiksha Hospital for the stake buy. The transaction values Pratiksha Hospital at an enterprise valuation of Rs 171 crore, fully funded via the company's cash reserves and internal accruals, Rainbow Children's Medicare Ltd (RCML) said in a statement. RCML will acquire a 76 per cent controlling stake, while promoter Dr Sharma & his family will retain the balance share in Pratiksha Hospital, it added. Founded in 1995 by Pramod Kumar Sharma, a pioneer of IVF, minimal invasive gynaecology surgery in Northeast India, Pratiksha Hospital commenced operations in Guwahati and subsequently delivered its first IVF baby in February 1997. 'This partnership empowers us to reach a wider community and deliver top-tier pediatric and maternal care to the families of Assam and Northeast India," RCML Chairman & MD Ramesh Kancharla said. Shares of the company were trading 2.41 per cent up at Rs 1,540 apiece on BSE. PTI MSS MSS DR DR view comments First Published: August 12, 2025, 13:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
3 days ago
- Business
- Hans India
Rainbow Children's Medicare to acquire 76 pc stake in Pratiksha Hospital
Multi-speciality pediatric hospital chain Rainbow Children's Medicare Ltd on Tuesday said it will acquire a 76 per cent stake in Guwahati-based Pratiksha Hospital for around Rs 171 crore. The Hyderabad-based healthcare firm has inked a definitive agreement with promoters of Pratiksha Hospital for the stake buy. The transaction values Pratiksha Hospital at an enterprise valuation of Rs 171 crore, fully funded via the company's cash reserves and internal accruals, Rainbow Children's Medicare Ltd (RCML) said in a statement. RCML will acquire a 76 per cent controlling stake, while promoter Dr Sharma & his family will retain the balance share in Pratiksha Hospital, it added. Founded in 1995 by Pramod Kumar Sharma, a pioneer of IVF, minimal invasive gynaecology surgery in Northeast India, Pratiksha Hospital commenced operations in Guwahati and subsequently delivered its first IVF baby in February 1997. "This partnership empowers us to reach a wider community and deliver top-tier pediatric and maternal care to the families of Assam and Northeast India," RCML Chairman & MD Ramesh Kancharla said. Shares of the company were trading 2.41 per cent up at Rs 1,540 apiece on BSE.
Time of India
3 days ago
- Business
- Time of India
Rainbow Hospitals marks Northeast foray with acquisition of Guwahati-based Pratiksha Hospital for Rs 171 crore
Rainbow Children's Medicare Limited (RCML) HYDERABAD: Listed pediatric multi‑specialty and perinatal care hospital chain Rainbow Children's Medicare Limited (RCML) on Monday announced its foray into the Northeast market through the acquisition of a majority stake in Guwahati-based Pratiksha Hospital at an enterprise valuation of Rs 171 crore. RCML said it has signed a definitive agreement to acquire 76% stake in Pratiksha Hospital, which was founded in 1995 by Dr Pramod Kumar Sharma and is engaged in IVF and minimal‑invasive gynaecology surgery. T he transaction will be fully funded through its cash reserves and internal accruals, RCML said, adding that while it will acquire a 76% controlling stake, Dr Sharma and his family will retain the balance share. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad The acquisition of the 150-bed Pratiksha Hospital will take the Hyderabad-headquartered RCML's total capacity to around 2,185 beds across 21 hospitals in eight cities. Following the acquisition, the hospital will be rebranded as 'Pratiksha Rainbow Children's Hospital' and integrated into Rainbow's national network. The hospital will also be connected to Rainbow's regional hubs in Hyderabad, New Delhi, Bengaluru, and Chennai to enable advanced referrals and access to specialized pediatric and maternal care across tertiary and quaternary care. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
