Ujala Cygnus has acquired a 60% controlling stake in Punjab-based Amandeep Hospitals, expanding its footprint in the North Indian healthcare sector.

Information on the Target

Amandeep Hospitals, established in 1990 by Dr. Amandeep Kaur and Dr. Avtar Singh, is a prominent healthcare chain with five super-specialty hospitals and over 800 operational beds located in the Punjab and Jammu & Kashmir regions. The hospitals are recognized for their diverse specialties, which include orthopaedics, cosmetic surgery, anaesthesia, oncology, neuro and spine surgery, joint replacement, and general medicine. The acquisition of a controlling stake in Amandeep Hospitals by Ujala Cygnus is a strategic move, enabling Ujala Cygnus to enhance its healthcare offerings in the region.

Industry Overview in Punjab

The healthcare industry in Punjab is witnessing significant growth, driven by increasing demand for quality medical services and rising health awareness among the population. Several factors contribute to this growing demand, including an increase in lifestyle-related diseases and a greater emphasis on healthcare accessibility. The government of Punjab has also been actively involved in enhancing healthcare infrastructure, resulting in a boost to both public and private healthcare facilities.

Punjab offers a mix of established healthcare institutions and emerging private players, creating a competitive landscape for service providers. The private sector has been instrumental in meeting the healthcare needs of