Variety of Establishments Including Rainbow Children's Hospital, Indian Hotels, Adani Unit, and Several Others Engage in Mergers and Acquisitions
Rainbow Children's Medicare Expands Pediatric Hospital Network with Acquisition
Rainbow Children's Medicare Limited (RCML) has made a significant move in the healthcare sector with the acquisition of a 76% stake in Pratiksha Women & Child Care Hospital Private Limited, a Guwahati-based facility. This deal, valued at INR 1.7 billion (approximately $19.5 million), marks RCML's entry into Assam and the broader Northeast region of India.
The acquisition will see Pratiksha Hospital rebranded as Pratiksha Rainbow Children’s Hospital and integrated with RCML’s national network and regional hubs in Hyderabad, Delhi, Bengaluru, and Chennai. This expansion adds 150 beds to RCML's network, increasing its total capacity to 2,185 beds across 21 hospitals in eight cities.
In other news, Botree Software is acquiring Spoors, a mobile-first workflow automation platform. Spoors operates in 10-plus countries, serving sectors such as BFSI, telecom, healthcare, and hospitality. The combined AI-enabled platform is expected to deliver unified end-to-end field operations, enhancing Botree's position as a full-stack, route-to-market and field execution platform.
Meanwhile, Adani Defence Systems and Technologies has signed a definitive agreement to acquire 100% of Indamer Technics, an aircraft maintenance, repair, and overhaul (MRO) provider. Indamer Technics operates a 30-acre greenfield MRO facility in Nagpur's MIHAN SEZ with 15 aircraft bays across 10 hangars. The acquisition will expand Adani Defence's capabilities in the aerospace sector.
Details about strategic mergers or acquisitions involving Indian Hotels Company, Botree Software, or Accord Plasma BV remain undisclosed or unavailable in the latest updates. However, these companies were noted along with Rainbow Children’s Hospital in announcements of strategic M&A deals, indicating potential activity in the near future.
ANK Hotels, based in Lucknow, runs 111 midscale hotels under The Clarks Hotels & Resorts brand, with 67 operational. Indian Hotels Company Ltd (IHCL) has signed definitive agreements to acquire 51% stakes in ANK Hotels and Pride Hospitality for up to Rs 110 crore and Rs 94 crore, respectively. Pride Hospitality, also under the Clarks banner, operates 24 hotels, with 13 active.
The latest strategic mergers and acquisitions news is primarily centred around Rainbow Children’s Medicare Limited (RCML). The acquisition of Pratiksha Hospital will significantly expand RCML’s pediatric hospital network and position them for growth in the Northeast region of India.
In the realm of technology, Botree Software is strengthening its platform with the acquisition of Spoors, a mobile-first workflow automation company that caters to various sectors including finance and lifestyle.
While the weather continues to influence daily routines, the financial landscape of healthcare in India is undergoing a transformation with the expansion of Rainbow Children’s Medicare Limited (RCML), which now extends to sports-related injuries and treatments due to the acquisition of Pratiksha Hospital, marking their entrance into the Northeast region.
