India-based multi-specialty tertiary care hospital Narayana Health has acquired Westbank Hospital for Rs1,500m ($24.2m).
The acquisition is expected to boost its footprint in the country’s eastern region.
With 400 beds spread over two units, Westbank Hospital in Howrah is located on the outskirts of Kolkata.
As part of the deal, Narayana will acquire the 150-bed Westbank Hospital Unit-I and 240-bed Westbank Hospital Unit-II.
Narayana Health managing director Dr Ashutosh Raghuvanshi was quoted by the Press Trust of India saying: "We are upgrading the second unit into a cancer care centre.
"We will add more facilities, a second radiotherapy unit and infrastructure for doing bone marrow transplant."
Westbank Hospital was established in 1995. The hospital offers services including: gynaecology, ophthalmology, oncology, surgery, paediatrics, cardiology, psychiatry, dermatology, medicine, neurology, chest medicine, gastroenterology and orthopaedics.
The hospital is the second acquisition for the group this year in West Bengal. Jubilant’s hospital business in Barasat and Berhampore, India, was acquired by Narayana in March.
With an investment of Rs1,400m ($22.6m), Narayana is also constructing two new 250-bed hospitals in Siliguri and Bhubaneswar to expand its operations in eastern India.
In West Bengal, Narayana operates Rabindranath Tagore International Institute of Cardiac Sciences (RTIICS), Rabindranath Tagore Surgical Centre in Kolkata and Narayana Multispeciality Hospital in Barasat.
The company also operates Rabindranath Thakur Medical & Diagnostic Centre in Berhampur, Rotary Narayana Multispeciality Hospital in Salt Lake and IQ City Narayana Multispeciality Hospital at Durgapur.