Gautam Adani, the fifth richest person in the world, is preparing to invest extensively in the health service sector. Adani may acquire large hospitals, diagnostic chains and offline and digital pharmacies to gain a foothold in this sector. Mint has given this information quoting sources.
The Adani Group, which operates from airports to seaports, recently met several foreign banks and global private equity investors, where they outlined the group’s plans for the healthcare business.
Ongoing negotiations with several companies
Sources said, “Gautam Adani is in discussions with global giants in the healthcare sector for a joint industry or tie-up for the Indian market, and an announcement could be made soon. We are also planning to invest up to Rs. However, no announcement has been made by the company yet.
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Another source said, “Adani has recognized healthcare as a huge opportunity and is keen to strengthen the space, which is facing challenges for different reasons.”
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The focus is on health service
The government has announced several policy initiatives, including product-linked incentives, to attract investments in the healthcare sector. Plans are underway to promote domestic manufacturing of pharmaceuticals and medical devices. The home healthcare sector, especially the online pharmacy sector, has seen a significant increase in mergers and acquisitions over the past two years.