India: IHH assumes full control of RGE with acquisition of Dr Ravi Group shareholding

Malaysia-based IHH Healthcare, Asia’s largest private healthcare group, is to acquire the equity stake in Ravindranath GE Medical Associates (RGE), a provider of medical and surgical hospital services in India for INR7.4bn (US$90m). The acquisition of the equity stake held by the Dr Ravi group will be made through IHH subsidiary, Gleneagles Development (GDPL). IHH seeks…