HealthCare Global Enterprises Limited to acquire the remaining shares of BACC Health Care Private Limited
Deepthi | Myequity news | Date : 07-02-2019 20:45:00 IST
HealthCare Global Enterprises Limited to acquire the remaining 46,695 equity shares, constituting 49.9% of the share capital of BACC from Dr. Rao. The Company currently holds 50.1% of the share capital of BACC, which it acquired in March, 2013. BACC operates fertility treatment centres under the brand “Milann”. Dr. Rao will continue to serve as the Medical Director of Milann. On acquiring the Shares, BACC would become a wholly owned subsidiary of the Company.
BACC operates 8 fertility centres across India under “Milann” brand. BACC’s turnover was INR 669.03 Million as of March 31, 2018. It owns and operates clinics providing comprehensive reproductive medicine services including assisted reproduction, gynaecological endoscopy and fertility preservation.