Wednesday, June 13, 2007

Apollo eyes UK's Bupa chain buyout

The Apollo hospitals group is on an acquisition mode. The group wants to acquire UK based Bupa chain of hospitals, which is valued at an estimated $2.4 billion.

Apollo's recent plans to acquire other hospitals in the US and UK fell through primarily on account of valuation issues. In a bid to expand its IT and healthcare arm, the group plans to acquire a healthcare BPO unit in the US for about $100 million.

(Source: ET)

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