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Indian group in talks to buy 300-bed UK hospital


19 November, 2007  

Indian health care provider Apollo Group is reported to be in talks with several hospitals in the UK to buy a 250 to 300 bed unit.

“We are in talks and an acquisition of a hospital with a bed capacity of 250-300 beds should happen in the next six months,” group finance director Suneeta Reddy told The Economic Times

Private equity firm Apax Partners, which recently invested US$104m in Apollo Group, is advising the company on the deal, the report said.

It said this would be Apollo’s second attempt to acquire a hospital in the UK. The group was recently in the race to buy a hospital chain which was eventually bought by Apax Partners.

Apollo Group