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Oct, 31 2018

Zydus Hospitals acquires Ahmedabad unit of Columbia Asia Hospitals

Currently, Zydus Hospitals is operating two hospitals at Ahmedabad and Anand in Gujarat.

Zydus Hospitals, a subsidiary of pharma major Zydus Group, has acquired the Ahmedabad unit of Columbia Asia Hospital Pvt Ltd for an undisclosed amount.

Currently, Zydus Hospitals is operating two hospitals at Ahmedabad and Anand in Gujarat.

Zydus Hospitals said, "This acquisition provides an opportunity to get a ready infrastructure and will enable Zydus Hospitals in setting up an exclusive cancer care centre with the latest technology and infrastructure just adjacent to its hospital in Ahmedabad."

Columbia Asia Hospital in Ahmedabad is spread across 1 lakh square feet area. It was set up in August 2014 with 99-bed tertiary care centre. 

Columbia Asia's hospital management has decided to exit from Ahmedabad operations and hand over the unit to Zydus Hospitals. It said, "This decision comes after much deliberation at the highest level, taking in the best interest of all relevant parties." 

Pankaj Patel, Founder of Zydus Hospitals, said, "We believe that, with this new addition in our fold, we will be able to expand our operations rapidly and offer comprehensive cancer care to the people of Gujarat."

Dr Nanda Kumar Jairam, CEO, Columbia Asia, said, "It was a difficult decision, but the management of Columbia Asia has taken a decision to exit our Ahmedabad operations. We have made detailed plans to relocate many of our Ahmedabad colleagues into the hospitals we operate in another geography, and for those who have chosen to stay in Ahmedabad to be duly compensated."

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