Latest news with #RainbowChildren'sMedicareLtd
Hans India
6 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.
Hans India
12-08-2025
- 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.
