New Delhi: Zydus Hospitals, a subsidiary of pharma giant Zydus Group, has acquired the Ahmedabad unit of Columbia Asia Hospital Pvt Ltd.
The acquisition is the strategic one for Zydus Hospitals marking the exit of the multinational hospital chain operator from Ahmedabad. Although the exact amount is not disclosed TOI reports the deal to have taken place around Rs 85 crore.
Columbia Asia operated a 100-bed hospital at Hebatpur in Thaltej, off SG Highway spreading over 1 lakh square feet and approximately Rs 130 crore had been invested for constructing the facility which was launched in 2014. Zydus, on the other hand operates a 650-bed hospital.
A recent release by Columbia Asia states that its Hospital management has decided to exit from operations and hand over the unit to Zydus Hospitals on October 30th. This decision comes after much deliberation at the highest level, taking in the best interest of all relevant parties.
Thanking all stakeholders who have been a part of the experience of operating in Ahmedabad, Dr. Nanda Kumar Jairam, CEO said, “It was a difficult decision, but the Management of Columbia Asia has taken a decision to exit our Ahmedabad operations. We have had some great experiences and although there were tough times, the support of our stakeholders have always sailed through. I would like to thank the community, its stakeholders, doctors, medical staff and local authorities for the support all these years. We have made detailed plans to relocate as many of our Ahmedabad colleagues into the hospitals we operate in other geography, and for those who have chosen to stay in Ahmedabad to be duly compensated.”
Columbia Asia Hospital – Ahmedabad, was instituted in August, 2014. It was a 99-bed tertiary care centre, equipped with world-class technology and infrastructure built to cater the community surroundings in Gujarat.
“We have gained much understanding and learning through our experience. We are taking our experience back to the boardroom and we will continuously strengthen our presence in India. We’d also like to emphasize that we are committed to further growth of our business in India. In fact, we had opened 206 bedded hospital in Bangalore last year which is achieving the fastest growth in the history of Columbia Asia. The plan for our new hospital development in Pune which will be the largest Columbia Asia Hospital in India is also progressing on schedule and we are in the midst of building the facility. It has been our core philosophy to extend quality and exceptional healthcare services to the community surroundings since inception, and we are passionate and committed to continue on our journey.” added Dr. Jairam.
Founder of Zydus Hospitals, Pankaj Patel said, “We believe that, with this new addition in our fold, we will be able to expand our operations rapidly and offer comprehensive cancer care to the people of Gujarat.”