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Ujala Cygnus to acquire around 60% stake in Punjab hospital chain

Business Standard LogoBusiness Standard1d ago

Ujala Cygnus to acquire around 60% stake in Punjab hospital chain - Business Standard

Quick Summary:

Under the agreement, the acquired hospitals will run on an asset-light model, barring one or two units where Amandeep Hospitals already has ownership of the unit building.

Looking ahead, the combined group is looking to expand further in Ludhiana, Jalandhar, Patiala, and the Chandigarh tricity region, while also augmenting services towards higher-end tertiary and quaternary care.

Ghosal added that the group is currently concentrating on north India due to the opportunity the region provides in terms of expansion.

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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 19:39:01 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27867156

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 312 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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  • URL: https://chronographically.beamstart.com/news/ujala-cygnus-to-acquire-around-17446405026175

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