India: IHH divests equity stake in Hyderabad-based Continental Hospitals

Malaysia-based global healthcare group, IHH Healthcare, through its wholly-owned subsidiary, Gleneagles Development, has divested its entire 62.2 per cent equity stake in the Continental Hospitals. Its stake in the Hyderabadi hospital was sold to former partner shareholders Dr Gurunath Reddy and affiliates. “This divestment is part of IHH’s portfolio strategy review, focused on strengthening our…