Kirloskar Group sells stake in Sakra Hospital

Hospitalforsalelease21 Dec, 2020Health

The Kirloskar Group has sold its majority stake in Bengaluru-based Sakra Hospital to the two Japanese companies who were part of the joint venture, making it perhaps the first hospital in the country to be owned fully by foreign entities since India permitted 100% FDI in the sector in 2000. Kirloskar started the hospital in 2013, partnering with Toyota Tsusho, the trading arm of Toyota Group, and Secom Medical System, the medical arm of Japanese security company Secom. It was the first hospital in India to be operated jointly by Japanese and Indian companies.