Rainbow Children’s Medicare is currently trading at Rs. 1556.55, up by 43.60 points or 2.88% from its previous closing of Rs. 1512.95 on the BSE.
The scrip opened at Rs. 1526.15 and has touched a high and low of Rs. 1560.00 and Rs. 1517.00 respectively. So far 3381 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1708.50 on 26-Nov-2024 and a 52 week low of Rs. 1079.25 on 25-Jul-2024.
Last one week high and low of the scrip stood at Rs. 1561.00 and Rs. 1430.05 respectively. The current market cap of the company is Rs. 15750.16 crore.
The promoters holding in the company stood at 49.85%, while Institutions and Non-Institutions held 39.00% and 11.14% respectively.
Rainbow Children’s Medicare (RCML) has signed a definitive agreement to acquire a majority stake in Prashanthi Medicare (Prashanthi Hospital) at Warangal – the second-largest district and a prominent business hub of Telangana. Established in 2015 by Dr. Prasanthi Macha, Prashanthi Hospital is a 100-bed NABH-accredited facility with a strong reputation for delivering high‑quality care across obstetrics, gynecology, neonatology, pediatrics, and minimally invasive surgery.
This strategic acquisition underscores RCML’s continued expansion in Telangana and further strengthens its presence in southern India. It also reflects the company’s growth plan to expand into tier-II cities where specialized healthcare services remain underserved. The addition of Prashanthi Hospital increases RCML’s capacity by 100 beds, taking its total network size to 2,035 beds across 20 hospitals in 7 cities.
The transaction values Prashanthi Hospital at an enterprise valuation of around Rs 32.60 crore (subject to working capital adjustment), representing around 9 times the estimated FY25 adjusted EBITDA and is fully funded through RCML’s existing cash reserves and internal accruals. RCML will acquire a controlling stake of 76% in fully diluted equity capital & 100% stake of Non-convertible Redeemable Preference Shares (NCRPS), while Dr. Prasanthi Macha along with associates will retain a 24% minority interest.
Following the acquisition, the regional hub facility will be rebranded as ‘Rainbow Children’s Hospital’ for pediatric care and ‘Prashanthi with Birthright’ for women’s care. The hospital will be seamlessly integrated into RCML’s hub-andspoke network ensuring clinical alignment and streamlined referral network to the Hyderabad hub for advanced tertiary and quaternary care.
Rainbow Children’s Medicare is a leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.