Zydus Hospitals Acquires One of the Hospitals of Columbia Asia
Zydus Hospitals has reportedly acquired one of the dozen hospitals of Columbia Asia Hospitals for an undisclosed amount. Columbia Asia stated that it sold its only hospital in Ahmedabad (Gujarat), of 90 beds, set up in 2014.
Zydus already has two hospitals in Gujarat which is a 650-bed unit in Ahmedabad and the other one in Anand. With this, Columbia Asia has plans to relocate its employees at the Ahmedabad unit to its other hospitals in the country.
Zydus Hospitals is the family-funded business of the promoters of listed pharmaceuticals company Cadila Healthcare Ltd.
On the other hand, Columbia Asia is a hospital chain that was founded in 1994. All the hospitals of Columbia Asia have been set up by the firm itself, which will be open to acquiring hospitals as well.
The remaini...