The son-in-law of the Lulu Group founder MA Yuzuf Ali and founder of VPS Healthcare Group, Shamsheer Vayalil, featured at the 94th slot in the Forbes' 2017 Indian rich list, has created a Rs 1,000-crore war-chest to tap takeover opportunities in the domestic healthcare mart.
The Abu Dhabi-based VPS Healthcare, with over a USD 1 billion turnover, is an integrated healthcare provider with primary, secondary and tertiary care hospitals and clinics as well as drug manufacturing and pharma retailing, in the Gulf region, India and Europe, and runs four hospitals in the country -- three in Delhi-NCR region and one in Kochi.
Since its inception in 2007, VPS has grown into one of the UAE's premier integrated healthcare groups and currently owns 22 hospitals under 13 brands, over 125 medical centres and employs 13,000, including over 1,800 doctors.
The group runs four facilities in the country -- three in the Delhi-NCR region under the VPS Rockland label (Qutab area and Dwarka in the Capital and one at Manesar in Haryana), and VPS Lakeshore Hospital in Kochi.
"We've set aside Rs 1,000 crore for acquisitions in the country. We are in talks with three-four hospital and over the next one year, we should have at least three more hospitals here," Vayalil told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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