HCG

** Investment by U.S. private equity firm KKR KKR.N to acquire controlling stake in Healthcare Global Enterprises HEAC.NS will bring in more operational, financial efficiency, PL Capital says

** Brokerage raises HEAC's PT to 555 rupees from 535 rupees, maintains "buy" rating

** Expects KKR to drive growth in the cancer care provider through bed expansion, assets' rationalization, margins expansion

** Co's asset-light approach with focus on partnerships has made its model more capital efficient, scalable, PL Capital says

** Stock last down 1.5% amid broader market rout

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Healthcare Global Enterprises HEAC.NS rise 3.5% to 517 rupees

** The healthcare services provider said U.S. private equity firm KKR to acquire controlling stake in co for $400 million

** KKR will initially acquire a 51% stake in HEAC, with an option to purchase an additional 3% if its open offer for a further 26% stake is unsuccessful

** More than 374,000 shares change hands, 1.3x its 30-day avg

** Five analysts covering the stock on avg have a "buy" rating; median PT is 546 rupees - LSEG data

** Healthcare Global stock has gained 4% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

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-- Source link: https://tinyurl.com/bdz39327

-- Note: Reuters has not verified this story and does not vouch for its accuracy

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July 2 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• HEALTHCARE GLOBAL ENTERPRISES- ACQUISITION OF SHARES OF VIZAG HOSPITAL AND CANCER RESEARCH CENTRE

• HEALTHCARE GLOBAL ENTERPRISES LTD- COST OF ACQUISITION OF 51% STAKE AT 2.08 BILLION RUPEES

• HEALTHCARE GLOBAL ENTERPRISES- COST OF ACQUISITION OF ADDITIONAL 34% STAKE AT 1.55 BILLION RUPEES

Source text for Eikon: ID:nBSE4bgLbx

Further company coverage: HEAC.NS

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June 28 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• HEALTHCARE GLOBAL ENTERPRISES LTD -ENTERED INTO AGREEMENT WITH VIZAG HOSPITAL

• HEALTHCARE GLOBAL ENTERPRISES - CO HAS AGREED UNDER PROVISIONS OF SPA TO ACQUIRE 51% OF EQUITY SHARE CAPITAL IN VIZAG HOSPITAL

• HEALTHCARE GLOBAL ENTERPRISES LTD - CO WILL ACQUIRE BALANCE 49% STAKE IN VIZAG HOSPITAL IN TRANCHES

• HEALTHCARE GLOBAL ENTERPRISES - COST OF ACQUISITION OF 51% OF EQUITY SHARE CAPITAL OF VIZAG HOSPITAL AT 2.08 BLN RUPEES

• HEALTHCARE GLOBAL ENTERPRISES - COST OF ACQUISITION OF ADDITIONAL 34% OF EQUITY SHARE CAPITAL OF VIZAG HOSPITAL AT 1.56 BLN RUPEES

Source text for Eikon: [ID:]

Further company coverage: HEAC.NS

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-- Source link: https://bit.ly/3I0Bjz3

-- Note: Reuters has not verified this story and does not vouch for its accuracy

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Nov 9 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• INDIA'S HEALTHCARE GLOBAL ENTERPRISES SEPT-QUARTER CONSOL NET PROFIT 135.7 MILLION RUPEES VERSUS 73.8 MILLION RUPEES

• HEALTHCARE GLOBAL ENTERPRISES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.86 BILLION RUPEES VERSUS 4.19 BILLION RUPEES

Source text for Eikon: ID:nBSEbngsxM

Further company coverage: HEAC.NS

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Nov 8 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• HEALTHCARE GLOBAL ENTERPRISES LTD - DECIDED NOT TO PURSUE BTA ARRANGEMENT WITH RADIANT HOSPITAL SERVICES

• HEALTHCARE GLOBAL ENTERPRISES LTD - CO EXPLORING OTHER FEASIBLE OPTIONS, FOR OPERATING CANCER CENTRE IN SAMBALPUR

Source text for Eikon: ID:nNSEbLYGCL

Further company coverage: HEAC.NS

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Adds details on the deal, background from paragraph 2 onwards

BENGALURU, Sept 26 (Reuters) - Private equity firm CVC Capital Partners is considering selling a 60.4% stake in Indian cancer hospital chain HealthCare Global Enterprises HEAC.NS, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The stake is worth about $345 million and CVC may seek a premium of 20% for the shares or go as high as 50% depending on market conditions, the report said.

CVC Capital and HealthCare Global did not immediately respond to Reuters requests for comment.

The Bengaluru-based cancer hospital chain owns over 24 cancer centers across India and serves more than 200,000 patients every year, according to its website.

Private healthcare is booming in India due to a growing population and rising disposable incomes. Global consultancy firm PwC projects 12% to 14% annual growth for India's private healthcare market currently worth around $48 billion.

(Reporting by Kashish Tandon in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath)

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Aug 18 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• SRINIVASA V. RAGHAVAN WILL CEASE TO BE CFO EFFECTIVE AUG 20

• NAMES RUBY RITOLIA AS CFO

Source text for Eikon: ID:nNSE7551bL

Further company coverage: HEAC.NS

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July 18 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• HEALTHCARE GLOBAL ENTERPRISES LTD - NAGPUR CANCER HOSPITAL & RESEARCH INSTITUTE, CO AND HCG NCHRI LLP ENTERED INTO A PARTNERSHIP TRANSFER AGREEMENT

Source text for Eikon: ID:nBSE1mMJC5

Further company coverage: HEAC.NS

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July 6 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• CO ENTERED INTO SHARE PURCHASE AGREEMENT WITH SHAREHOLDERS OF NCHRI FOR ACQUIRING ENTIRE STAKE IN NCHRI

• COST OF ACQUISITION OF ENTIRE SHARES IN NCHRI WOULD BE 141 MILLION RUPEES

Source text for Eikon: ID:nNSE8nKZ5V

Further company coverage: HEAC.NS

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May 29 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• CONSIDERING POTENTIAL INORGANIC RESTRUCTURING OF ITS OPERATIONS IN NAGPUR

• CONSIDERING INCREASING ITS INTEREST IN HCG NCHRI ONCOLOGY LLP

• EVALUATING GREENFIELD AND BROWNFIELD OPPORTUNITIES IN MADHYA PRADESH

Source text for Eikon: ID:nNSEzdsFS

Further company coverage: HEAC.NS

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May 25 (Reuters) - Healthcare Global Enterprises Ltd HEAC.NS:

• INDIA'S HEALTHCARE GLOBAL ENTERPRISES MARCH-QUARTER CONSOL NET PROFIT 83.7 MILLION RUPEES VERSUS 59.9 MILLION RUPEES

• HEALTHCARE GLOBAL ENTERPRISES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.41 BILLION RUPEES VERSUS 3.64 BILLION RUPEES

Source text for Eikon: ID:nBSE9ff4wn

Further company coverage: HEAC.NS

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