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Narayana Health's UK Expansion: Why This Acquisition Signals India's Rise

Narayana Health has made a significant move by acquiring UK-based Practice Plus Group Hospitals. The Bengaluru healthcare provider purchased 12 hospitals and surgical centers for nearly £189 million. Union Commerce Minister Piyush Goyal celebrated this as a proud moment that reflects India's growing global healthcare capabilities. Both Goyal and Biocon's Kiran Mazumdar-Shaw see this as a game-changing expansion of India's affordable care model abroad.

Key Points: Narayana Health Acquires UK Hospital Group Piyush Goyal

  • Narayana Health acquires 12 UK hospitals for £188.78 million in major expansion
  • Deal includes Practice Plus Group specializing in orthopedics and ophthalmology
  • Piyush Goyal credits PM Modi's policies for healthcare ecosystem growth
  • Kiran Mazumdar-Shaw calls acquisition a potential game changer for affordable care
2 min read

Narayana Health's UK expansion shows Bharat's growing capabilities: Piyush Goyal

Bengaluru's Narayana Health acquires UK's Practice Plus Group in £189M deal, hailed by Piyush Goyal as showcasing India's growing global healthcare capabilities.

"Proud moment for India as our healthcare delivery system continues to strengthen its global presence - Piyush Goyal"

New Delhi, Oct 31

Narayana Health's acquisition of a UK hospital is a proud moment for India and also reflects Bharat's growing capabilities, said Union Commerce Minister Piyush Goyal on Friday.

The Bengaluru-based Narayana Health has acquired UK-based Practice Plus Group Hospitals, which operates 12 hospitals and surgical centres, specialising in high-quality orthopaedics, ophthalmology, and general surgery.

"Proud moment for India as our healthcare delivery system continues to strengthen its global presence. With Narayana Health, Bengaluru-based healthcare providers, acquiring the UK-based Practice Plus Group Hospitals, the expansion underscores Bharat's growing capabilities and excellence in providing world-class medical care," said Goyal in a post on social media platform X.

Lauding the Group's Chairman, Dr. Devi Prasad Shetty, for the milestone, Goyal said the achievement "will further propel our healthcare ecosystem to scale new frontiers globally".

"PM Narendra Modi ji's vision and progressive policies are giving a new fillip to India's healthcare ecosystem," he added.

Kiran Mazumdar-Shaw, Executive Chairperson of Biocon, also lauded the acquisition.

"Taking the affordable care model to the UK - a potential game changer," she added on X.

Last month, Biocon also announced the first US FDA-approved formulations facility in New Jersey, US. The company had acquired the plant from Eywa Pharma in 2023.

Meanwhile, the total consideration for the acquisition by Narayana Health reportedly is GBP 188.78 million for the 100 per cent stake, which comprises 60,001 equity shares of face value of GBP 0.02 each of Practice Plus Group Hospitals. The per share price for the acquisition will be GBP 3146.29, as per reports.

"The acquisition will offer a new choice of more accessible private healthcare...and help many more patients get the help they need," said Dr Devi Prasad Shetty, Founder and Chairman of Narayana Health.

- IANS

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Reader Comments

R
Rohit P
While I appreciate this achievement, I hope Narayana Health maintains its focus on affordable healthcare in India too. Sometimes when companies go global, they tend to increase prices back home. Just a concern.
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David E
As someone who has lived in both India and UK, this is fantastic news! Indian healthcare quality is world-class but much more affordable. British patients will benefit greatly from this acquisition.
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Ananya R
Dr. Devi Prasad Shetty is truly an inspiration! From making heart surgeries affordable in India to now expanding globally - this shows what Indian entrepreneurship can achieve. More power to our healthcare sector! 💪
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Karthik V
First Biocon's US FDA approval and now this! Indian pharma and healthcare companies are truly making their mark internationally. This is the New India we've been waiting for! 🎉
S
Sarah B
GBP 188 million acquisition is no small feat! This demonstrates the financial strength and global ambition of Indian healthcare companies. Well done Narayana Health team!

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