New Delhi, Nov. 26 -- Narayana Hrudayala Ltd, India's leading hospital chain, has acquired UK-based Practice Plus Group (PPG) Hospitals. The acquisition marks Narayana's entry into the UK healthcare market, where PPG operates 10 hospitals and surgical centres with specialization in orthopaedics, ophthalmology, and general surgery. This move not only widens Narayana's international footprint but also positions the company among India's top three healthcare providers by revenue.

The acquisition is valued at about Rs.2,100 crore (£183 million) and will be settled in cash, taking the total outlay to £189 million after customary adjustments. It will be funded through a mix of £150 million in debt and the remaining funds through...