Agra’s Pankaj Apollo Hospital is the largest private tertiary care hospital with a capacity of 200 beds
Bangalore: Leading healthcare services provider, Moolchand Healthcare, has acquired the Agra – based Pankaj Apollo Hospital. This is the largest private tertiary care hospital in Agra with a capacity of 200 beds.
“The acquisition enables us to strengthen our footprint in the NCR and adjoining areas. The asset is an extremely high quality hospital and is an excellent fit strategically. In addition, it provides Moolchand a early mover advantage as leading hospital groups are largely absent from the Agra market,” Moolchand Healthcare Managing Director Vibhu Talwar said.
“We intend to bring the best of healthcare services available in Delhi to Agra and Western Uttar Pradesh. Many of our leading clinicians will now also be available at Moolchand Agra. In phase I, over the next 18 months, we expect to expand the Hospital to provide a comprehensive cancer institute. In phase II, we intend to expand capacity to 300 beds,” he added.
With this acquisition, Moolchand Healthcare has strengthen its footprint in the national capital region and adjoining areas. The move is in line with the company’s plan for pan-India expansion through acquisitions and growth and has outlined R500 Cr for the same.