Radiant, which took over management control of iconic hospitals like BL Kapur in Delhi and Balabhai Nanavati in Mumbai, may be vying with other potential bidders like Apollo Hospitals Enterprises and Baron Khaleed Hameed of UK - who hails from Lucknow. The bidders are unlikely to match up to Sahara’s valuation expectations, and are unlikely to be interested in all the assets, including land banks. Sources said Sahara hospital has permission to set up centres in Gorakhpur and Ranchi. The company also has a huge land bank for future expansion, which could be used for expanding into Bihar, Jharkhand, rest of UP and adjoining areas. The hospital is a venture of Sahara India Medical Institute, a subsidiary of Sahara Prime City. The Lucknow hospital, built on 27 acres, has 350 operational beds, which can be scaled up to 550. “We are looking at both outright sale as well partnerships,” sources close to Sahara said.
The beleaguered Subrata Roy-controlled Sahara Group has mandated Knight Frank to run a sale process for the flagship Lucknow hospital, along with land banks, and permission for expansion, as they mop up cash from sale of assets to deposit investor refunds with Sebi as directed by the Supreme Court. Mumbai/New Delhi: Investor-cum-entrepreneur Abhay Soi-led Radiant Life Care, which has donned the role of a consolidator in the country’s fragmented healthcare services sector, has submitted an expression of interest to acquire Sahara Hospitals valued at around Rs 1,000 crore, people with direct knowledge of the matter said.
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