Nri tycoon buys delhi's rockland hospitals

1. NRI tycoon buys Delhi's
Rockland Hospitals
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2. Count…
Abu Dhabi-headquartered VPS Healthcare, owned by billionaire radiologist Shams heer
Vayalil, son in-law of NRI tyco on MA Yusufali, has acquired New Delhi-based Rock land
Hospitals.
VPS will be investing Rs 1,500 crore for the 100% acquisition and further development of
Rockland network in the National Capital Region (NCR).TOI first reported the impending
deal on May 9. “The deal was signed towards the end of June and is effective from the July
1. We are committing approximately Rs 1,500 crore for this investment deal,“ Shamsheer
said. According to him, he is buying out the founders completely .International Finance
Corporation, which held a minority stake, exited as part of the deal. Rockland was founded
by entrepreneur Rajesh Srivastava, who passed away in January this year. Srivastava had
set up three hospitals in and around New Delhi and was working on a fourth one in Noida.
These hospitals will be rebranded as VPSRockland Hospitals.
The 39-year-old Shamsheer, a radiologist by profession, founded VPS Healthcare in 2007.
His cross-border healthcare network now has 16 hospitals, 112 medical centres and clinics
and 28 pharmacies, mainly in the GCC countries. The flagship is Burjeel Hospital, the
largest private tertiary care provider in Abu Dhabi. Three months ago, he had acquired
majority stake in multi-specialty Lakeshore Hospital, Kochi.
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