India: Amar Ujala's healthcare arm buys PE-backed Cygnus Medicare

Amar Ujala Ltd, through its healthcare arm, has acquired a majority stake in regional hospital chain Cygnus Medicare Pvt. Ltd for about $18 million (Rs 130 crore), PTI reported quoting the media firm’s director Probal Ghosal.

As part of the deal, Amar Ujala’s two Ujala Healthcare hospitals will be merged with Cygnus Medicare. These hospitals are located in Kashipur, Uttarakhand and Rohtak, Haryana.

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