Healthcare service provider Narayana Health has acquired UK-based Practice Plus Group Hospitals for £188.78 million (nearly Rs 1,930 crore) in all cash deal, a company statement said on October 31, marking one of the largest overseas hospital acquisitions by an Indian healthcare provider.
The acquisition was executed through Narayana Hrudayalaya UK, a wholly owned subsidiary of Health City Cayman Islands, positioning Narayana Health among the top three healthcare providers in India by revenue.
Narayana said in its investor presentation that the acquisition will be financed through £150 million long term debt with a seven-year tenor.
Practice Plus Group, previously owned by Bridgepoint – a leading private market growth investors with $86 billion in assets under management - is the fifth-largest private hospital chain in the UK and the fourth-largest provider of NHS healthcare services. It performs nearly 80,000 surgeries annually and posted a turnover of £250 million in FY25.
Practice operates 330 beds and employs around 2,500 staff, including 1,300 clinical professionals.
The acquisition gives Narayana Hrudayalaya a strategic entry into the mature UK healthcare market, which is witnessing a shift toward day-care procedures and increased private-pay penetration.
"Practice Plus Group’s asset-light model and favourable doctor engagement structure make it an ideal platform for scalable growth," Narayana said.
The acquisition builds on Narayana’s international expansion in the Caribbean through Health City Cayman Islands. With this deal, the company aims to integrate Practice Plus Group into its ecosystem, leveraging its technology backbone to drive innovation.
“This is an incredibly exciting step for Narayana Health,” said Dr Devi Prasad Shetty, Founder and Chairman. “We share a common vision with Practice Plus Group — to make healthcare affordable and accessible to all. Together, we are a perfect fit.”
“Dr Shetty and Narayana Health have an enviable reputation for high-quality, efficient healthcare with a human touch,” said Jim Easton, CEO of Practice Plus Group. “I’m excited about what we can achieve together,” Easton added.
The deal is expected to help Narayana tap into the growing demand for private surgeries in the UK, while also enhancing its brand as a global healthcare player. No regulatory approvals are required, and the transaction is expected to close within six business days.
Narayana ended fiscal year ended March 31, 2025, with revenues of Rs 5,483 crore. Shares of Narayana Hrudayalaya were down nearly 3 percent during mid-day trade on October 31.
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