• Malaysian hospital chain IHH Healthcare BHD, through its wholly-owned subsidiary Gleneagles Development Private Limited, has acquired the remaining stake held by Ravindranath Kancherla and his affiliates in Ravindranath GE Medical Associates Pvt. Ltd for Rs 740 Crore.

About IHH:

  • IHH is one of the world’s largest healthcare networks, with 83 hospitals in 10 countries and more than 15,000 licensed beds.
  • IHH has presence in 10 countries, in key markets of Malaysia, Singapore, Turkey, India, Greater China (including Hong Kong) and beyond
  • IHH’s portfolio includes of 8 trusted and leading brands like Acibadem, Mount Elizabeth, Prince Court, Gleneagles, Fortis, Pantai and Parkway.


About Gleneagles Global Hospitals:

  • Founded in 1999, Gleneagles Global Hospitals (A unit of Ravindranath GE Medical Associates Private Limited) is part of Parkway Pantai, a fully owned subsidiary of IHH Healthcare.
  • The hospital operates 6 multi-super-specialty hospitals across Hyderabad, Chennai, Bangalore and Mumbai, with a capacity of approximately 1,500 beds and state-of-the-art, world-class facilities.
  • A pioneer in kidney, liver, heart and lung transplants, Gleneagles Global Hospitals provides comprehensive multi-organ transplant services in the country.


  • The increase of stake in Gleneagles Global Hospitals is a significant milestone in IHH’s expansion strategy and long-term goals to deliver exceptional care and advanced solutions to complex medical challenges by strengthening position in India.
  • IHH paid addition Rs 30.41 Crores for the acquisition of land in Chennai that was being used for hospital operations by Ravindranath Kancherla’s Daughter in law.
  • The hospital aims to strengthen and expand its leading market position as a destination for multi-organ transplant for patients from India, Middle East, Africa and South East Asia.
  • In August 2015, Malaysia’s IHH Healthcare Bhd, had acquired 73.40% stake in GE Medical Associates Private Ltd for Rs 1284 Crores.
  • IHH had also injected Rs 265 Crores into Global Hospitals, to fund the hospital’s capital expenditure requirements and optimize the cost of borrowing.


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