Acquisitions28 Jun 2025, 02:33 pm
Rainbow Children's Medicare Ltd. to Acquire 76% Stake in Prashanthi Medicare Private Limited for ~Rs. 24.85 Cr.
AI Summary
Rainbow Children's Medicare Ltd. has agreed to acquire 76% of fully diluted equity share capital and 100% of Non-Convertible Redeemable Preference Shares (NCRPS) of Prashanthi Medicare Private Limited for a total consideration of ~Rs. 32.55 Cr. Prashanthi Medicare Private Limited operates a 100-bed NABH-accredited hospital in Warangal, India, offering a full spectrum of services including obstetrics, gynecology, laparoscopic surgeries, neonatology, pediatrics, and pediatric critical care. The acquisition is expected to deepen Rainbow's footprint in its home state, reinforcing its position as the leading provider of pediatrics & women healthcare, particularly in North Telangana.
Key Highlights
- Rainbow Children's Medicare Ltd. to acquire 76% of Prashanthi Medicare Private Limited's fully diluted equity share capital and 100% of its NCRPS for ~Rs. 32.55 Cr.
- Prashanthi Medicare Private Limited operates a 100-bed NABH-accredited hospital in Warangal, India.
- The acquisition is expected to deepen Rainbow's footprint in its home state, reinforcing its position as the leading provider of pediatrics & women healthcare, particularly in North Telangana.
- Prashanthi Hospital offers a full spectrum of services including obstetrics, gynecology, laparoscopic surgeries, neonatology, pediatrics, and pediatric critical care.
- The acquisition is fully funded through Rainbow Children’s Medicare Limited’s existing cash reserves and internal accruals.