New Delhi: Yatharth Hospital and Trauma Care Services announced on Wednesday that its board has approved the acquisition of a 60 per cent stake in a Faridabad-based hospital services company MGS Infotech Research and Solutions, which is yet to begin operations, for an enterprise value of ₹152 crore.

The target company is yet to commence a 400-bed hospital in Faridabad, Haryana.

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The acquisition will strengthen the company's presence in Delhi-NCR, it said.

The structure of the Faridabad-based hospital is completed and expected to be operational in 6-10 months from the date of acquisition, it added.

On Wednesday, Yatharth Hospital announced that it has emerged as the successful bidder of a super speciality hospital located in Delhi.

The acquired hospital is a well-established hospital in Model Town, New Delhi, it had stated, news agency PTI reported.

The hospital has an expandable capacity of 300-plus beds and caters to a large catchment of residential and institutional client base.

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