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26 April 2022

CARE Hospitals acquires 100% stake in Thumbay

City-based CARE Hospitals Group on Monday said it has acquired 100% stake in Thumbay Hospital New Life, Malakpet, Hyderabad, for a consideration of 40 crore as part of efforts to expand its presence in the northern part of the city.

With the acquisition of the 200-bed Thumbay Hospital, CARE Hospitals’ total capacity will now go up to around 2,200 beds.

Commenting on the deal, Jasdeep Singh, group CEO, CARE Hospitals, said, “This acquisition will further expand our patient care offerings and enable us to offer our healthcare to everyone in need of it.”

Syed Kamran Husain, chief operating officer, CARE Hospitals, Malakpet, said the hospital will cater to the needs of people in this part of town with a multi-specialty healthcare facility.

“Our emphasis will be to upgrade the quality of healthcare services in Malakpet and nearby areas and ensure good health and well-being of the communities in the catchment area.” With the latest acquisition, CARE Hospitals group now has 14 healthcare facilities across six cities and a pool of over 1,100 doctors and 5,000 caregivers catering to over 8 lakh patients annually.

CARE Hospitals, Malakpet will become operational from the first week of May 2022.

Reference: https://timesofindia.indiatimes.com/city/hyderabad/care-hospitals-acquires-100-stake-in-thumbay-for-40cr/articleshow/91084730.cms