Acquisitions29 Jul 2026, 10:20 pm
Rainbow Children's Medicare Acquires 64% Stake in Super Prime Medical Care for ₹19.84 Cr
AI Summary
Rainbow Children's Medicare Ltd has executed a Partnership Interest and Contribution Transfer Agreement (PICTA) to acquire a 64% partnership interest in Super Prime Medical Care LLP for an aggregate consideration of ₹19.84 Crore. This acquisition will make the LLP a subsidiary of Rainbow Children's Medicare. The acquired entity operates a 70-bed hospital in Nellore, Andhra Pradesh, with an unaudited provisional turnover of ₹9.44 Crore for FY26. The acquisition aims to strengthen the company's operations in Andhra Pradesh and expand its gynaecology, obstetrics, and perinatal services by augmenting the hospital's capacity by approximately 30 beds. The transaction is not a related party transaction.
Key Highlights
- Rainbow Children's Medicare to acquire 64% stake in Super Prime Medical Care LLP.
- Acquisition cost set at ₹19.84 Crore.
- LLP will become a subsidiary upon transaction completion.
- Target entity operates a 70-bed hospital in Nellore, Andhra Pradesh.
- Expansion plans include adding 30 beds and enhancing services.
Price Impact
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