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Acquisition 2014-11-25

Narayana Health takesover Westbank Hospital for Rs 150 crore

Leading multi-specialty tertiary care hospital Narayana Health has acquired two units of Westbank Hospital in Kolkata for Rs 150 crore.

Narayana Health takesover Westbank Hospital for Rs 150 crore

Located on the outskirts of Kolkata, two units of a multi-speciality hospital, Westbank has been acquired by heart-care services giant Narayana Health (NH) for Rs 150 crore.

 

This is the second acquisition in the year by the NH group in West Bengal.

 

Earlier in the year, the NH group has acquired Jubilant hospitals at Barasat near Kolkata and Berhampore, about 215 km away from Kolkata.

 

Significantly, NH will offer cardiac care and cancer care facilities at the newly acquired units of Westbank hospital, besides upgrading tertiary care specialties to extend affordable treatment to the affected people in the eastern region.

 

Talking to media people, Ashutosh Raghuvanshi, Chief Executive, Narayana Health said, "We will retain all the 700 employees of Westbank and hire more to expand our service offerings in specialties such as neurology, orthopaedics, urology and gastrointestinal."

 

Further disclosing the other expansion plans in eastern region, Raghuvanshi said, "We are setting up a 250-bed multi-specialty hospital at Siliguri (560km from Kolkata) and a 300-bed multi-specialty hospital at Bhubaneshwar in Odisha, as West Bengal and eastern India are strategic to our growth plans."

 

NH group's other hospitals in West Bengal include Rabindranath Tagore International Institute of Cardiac Sciences at Mukundapur, Rabindranath Tagore Surgical Centre at Highland Park and Rotary Narayana multi-specialty hospital at Salt Lake in Kolkata.

 

Reportedly, the NH group has 29 hospitals in 17 cities across the country with combined bed strength of 7,500.

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