Narayana Health has acquired a 100 per cent stake in UK-based Practice Plus Group Hospitals for £188.78 million, marking its entry into the British healthcare market.

The Bengaluru-based hospital chain had been eyeing UK expansion and was previously reported to be in talks to acquire a controlling stake in Spire Healthcare Group Plc, the country’s largest private healthcare player by revenue. The company eventually finalised the acquisition of Practice Plus Group, purchasing 60,001 equity shares at £3,146.29 per share (face value £0.02 each). This marks Narayana Health’s second international expansion after establishing Health City Cayman Islands in the Caribbean.

Practice Plus runs 16 facilities, £250m turnover

Practice Plus Group operates a network of 16 healthcare facilities across t

See Full Page