- RCML acquires 76 % controlling stake in Pratiksha Women & Child Care Hospital Private Limited, Guwahati, valuing the hospital at an enterprise value of approximately Rs. 171 crore.
- The consideration included Rs. 129.96 crore for equity shares and Rs. 41.04 crore for Non-Convertible Redeemable Preference Shares (NCRPS), funded entirely through internal accruals and cash reserves.
About Pratiksha Women & Child Care Hospital Private Limited:
- Founded in 1995 by Dr. Pramod Kumar Sharma, a pioneer of IVF and minimally invasive gynecology surgery in Northeast India, the hospital delivered the region’s first IVF baby in 1997.
- The NABH-accredited, 150-bed facility in Guwahati offers services in pediatric care, obstetrics and gynecology, infertility and IVF, laparoscopic surgery, neonatology, and pediatric critical care.
About Rainbow Children’s Hospital Limited:
- Incorporated in 1999, RCML operates 21 hospitals and 5 clinics across 8 cities with a capacity of around 2000+ beds, specializing in pediatric multi-specialty and perinatal care.
- The network follows a hub-and-spoke model with hubs in Hyderabad, Bengaluru, New Delhi, and Chennai, providing tertiary and quaternary pediatric and maternal care.
Rationale:
- The acquisition marks RCML’s entry into Assam and the broader Northeast, a region with limited access to specialized pediatric and maternal care.
- Pratiksha Hospital adds 150 beds, taking RCML’s total capacity to approximately 2,185 beds across 21 hospitals in 8 cities.
- The facility will be rebranded as Pratiksha Rainbow Children’s Hospital and fully integrated into RCML’s network through unified branding, standardized clinical protocols, centralized systems, and strengthened governance.
- The Guwahati hospital will serve as a super-specialty hub for the Northeast, connecting with RCML’s metro hubs in Hyderabad, New Delhi, Bengaluru, and Chennai for advanced referrals and multi-specialty care.
- RCML reported revenue of Rs. 1,657 crore and profit after tax of Rs. 246 crore in FY24, reflecting strong financial performance to support expansion.
- Earlier this year in June, RCML acquired a controlling stake in Prashanti Medicare, which operates a 100-bed hospital in Warangal, Telangana, furthering its inorganic growth strategy.
- The expansion reinforces RCML’s position as a national pediatric and perinatal healthcare provider, combining local expertise with a pan-India network.
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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