Subsidiary Acquires Dialysis Center Assets in Philippines for PhP 32.64 Million
Nephrocare Health Care Services, through its wholly-owned overseas step-down subsidiary, has entered into an Asset Transfer Agreement to acquire identified assets of a dialysis center located in Paranaque City, Philippines. The transaction involves the purchase from Amica Healthcare System Corporation and was finalized on June 09, 2026.The acquisition is conducted by Nephrocare Health Care Services, Philippines Inc., as the Purchaser, from Amica Healthcare System Corporation, which serves as the Seller. The total consideration for the identified assets amounts to PhP 32,640,000 (Philippine Pesos Thirty Two Million Six Hundred Forty Thousand Only).
The purchase involves acquiring the necessary assets related to a dialysis center situated at Dona Soledad, Don Bosco, Paranaque City in the Philippines.
Transaction Details and Structure
The agreement details confirm that Nephrocare Health Care Services, Philippines Inc., is an overseas step-down wholly-owned subsidiary of Nephrocare Health Services Limited (the Company). The transaction has been executed with Amica Healthcare System Corporation, which is not related to the Purchaser.A summary of the key terms and aspects of the agreement are provided below:
| Particulars | Details |
|---|---|
| Name(s) of parties | Nephrocare Health Care Services, Philippines Inc. (Purchaser) and Amica Healthcare System Corporation (Seller) |
| Purpose of Agreement | Acquisition of dialysis center assets under the Asset Transfer Agreement |
| Size of Transaction | PhP 32,640,000 |
| Relationship Status | Purchaser is a wholly owned subsidiary; Seller is not related. |
| Related Party Status | The transaction does not fall within related party transactions. |
| Significant Terms | There are no special rights defined in the agreements. |
NEPHROPLUS Stock Price Movement
As of 11:01 AM, shares of Nephrocare Health Services Limited soar to ₹735.1, climbing a strong 3.64% in live trading. The stock is firmly near its peak, having achieved a 52-week high amidst active market participation involving 117,686 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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