Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 03 2018

Manipal eyes stake in Emami's AMRI Hospitals for Rs 1,000 cr

An Emami spokesperson said the group does not have any plans to sell its hospital business.

Ranjan Pai led Manipal Hospitals has revived talks with FMCG major Emami Group to acquire its AMRI Hospitals Ltd (Advanced Medical Research Institute) in Kolkata, after it failed to acquire stake in  Fortis Hospitals, two people aware of the development have said.

Emami expects Rs 800-1,000 crore valuation for the hospital chain, one of the persons said.

Emami occupies about 98% stake in 1,000 beds hospital chain comprising of hospital units four in Kolkata and one in Bhubaneswar. The rest 2% is occupied with West Bengal government. An Emami spokesperson said the group does not have any plans to sell its hospital business.

The 1974 founded frim by RS Agarwal and RS Goenka families had entered into the healthcare sector in 1999 by joining hands with Shrawan Kumar Todi of Shrachi Group, a Kolkata-based real estate developer.

The promoters faced a major setback in 2011 when a major fire broke out in AMRI Hospital in Dhakuria, leaving 93 people dead. The firm’s directors are facing trial for culpable homicide. The Dhakuria hospital was shut for two years after the incident. Later, AMRI Hospitals decided to keep its expansion plans into the northeast market on hold.

Comment
image
Related opportunities
  • Computer Hardware & IT
    About Us: Relops Services Pvt. Ltd. - Start a business in..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Faridabad Haryana
  • Pet Stores
    About Us: BonBeno's Journey started 3 years ago when the founder Vinay..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Manbhavan means ‘pleasing mind’ and we do it by..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Aviation & Hospitality Training Institute
    About Us: Indira Gandhi Institute of Aeronautics, having carved a niche..
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets Less than 10
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities