Bengaluru-based Narayana Health acquires UK group of hospitals with over ₹2,000 crore deal

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.

The total consideration for the acquisition by Narayana Health reportedly is £188.78 million (~₹2196.16 crore or $247 million) for the 100% stake, which comprises 60,001 equity shares of face value of £0.02 each of Practice Plus Group Hospitals. The per share price for the acquisition will be £3146.29, as per reports.

Practice Plus Group is the fifth-largest private hospital network in the UK, performing around 80,000 surgeries annually. The acquisition provides Narayana Health access to a healthcare market witnessing rising demand for surgical care, especially within the private sector.

“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.

Jim Easton, Chief Executive of Practice Plus Group, echoed the sentiment, “Dr. Shetty and Narayana Health have an enviable reputation for high-quality, efficient healthcare with a human touch. I’m excited about what our hospitals and surgical centres can achieve with Narayana Health’s commitment and expertise behind us.”

Headquartered in Bengaluru, Narayana Health operates a network of hospitals across India and the Caribbean, supported by over 18,800 professionals, including nearly 3,900 doctors.