India: Apollo buys out IHH stake in joint venture

Apollo Hospitals has bought out IHH Healthcare’s 50% stake in their Indian joint venture in Kolkata for Rp4.1bn (US$55m). Apollo will now hold a 100% stake in the Apollo Gleneagles Hospital (AGHL). “Apollo Hospitals, Kolkata is one of the most prized hospital assets operating within the Apollo ecosystem,” said Prathap Reddy, founder chairman of Apollo…

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