India: Narayana Hrudayalaya to sell Hyderabad hospital

India: Narayana Hrudayalaya to sell Hyderabad hospital

Visual from Narayana Hrudayalaya website

Multispecialty hospital chain Narayana Hrudayalaya Ltd on Tuesday said it will sell its Hyderabad hospital to its partner Chandramma Educational Society.

“As part of our regular strategic business reviews, we constantly monitor and assess risks and costs associated with all our business units,” said Ashutosh Raghuvanshi, vice-chairman, managing director and group chief executive of the Bengaluru-based Narayana Hrudayalaya, in a statement to exchanges. “Conforming to the same and in order to maximize gains for all the stakeholders, we deemed it appropriate to discontinue operations at our Hyderabad unit.”

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