Unihealth Hospitals Limited Proposes Strategic Share Swap to Acquire Full Stake in Victoria Hospital, Uganda
Mumbai, June 16, 2026: Unihealth Hospitals Limited, an integrated healthcare services provider listed on the National Stock Exchange of India (NSE), announced plans to increase its ownership stake in Victoria Hospital Limited in Uganda. The company intends to acquire the remaining 50% equity stake from existing partners through a strategic share-swap arrangement.Currently, Unihealth holds 50% equity in Victoria Hospital Limited, with the other half held by local Ugandan partners. Under the proposed transaction, Unihealth will issue its equity shares to these selling shareholders in exchange for their equity shares in Victoria Hospital Limited.
The transaction is structured as a share exchange mechanism, where the sellers transfer their interest in the hospital to Unihealth. The specific share exchange ratio and the quantity of Unihealth equity shares to be issued will be determined based on independent valuation reports.
Strategic Rationale and Operational Strength
This proposed acquisition marks a key milestone in Unihealth's strategy to establish an integrated healthcare delivery platform across emerging markets, with Africa identified as a high-growth opportunity. Increasing ownership will allow Unihealth to enhance operational integration and gain greater participation in the hospital’s future growth potential.Victoria Hospital Limited has demonstrated robust financial performance and strong operational efficiencies, reflecting significant demand for quality healthcare services in Uganda.
The financial results for FY 2025-26 show substantial improvement for Victoria Hospital Limited:
| Financial Metric (Victoria Hospital Limited) | Current Period (FY 2025-26) | Previous Year |
|---|---|---|
| Revenue | X 114.47 cr. | X 85.99 cr. |
| Profit After Tax (PAT) | X 43.63 cr. | X 25.81 cr. |
The share-swap mechanism allows Unihealth to increase its strategic stake without an immediate deployment of substantial cash, supporting the preservation of liquidity and aligning interests with the Selling Shareholders. The transaction supports Unihealth's long-term goal of developing a scalable healthcare platform across Africa by leveraging established infrastructure, clinical expertise, and regional market knowledge.
Focus on Specialized Care in Uganda
Victoria Hospital Limited operates under the UMC Victoria Hospital brand in Kampala, offering comprehensive specialized and super-specialty care. The hospital’s advanced capabilities span multiple fields including Spine, Orthopaedics & Joint Replacement, Oncology, Nephrology & Dialysis, Gastroenterology, Cardiology & Cardiac Care, Critical Care, Internal Medicine, General & Laparoscopic Surgery, Obstetrics & Gynaecology, IVF, Paediatrics, and Advanced Diagnostic Services.Further commitment to regional excellence includes the introduction of advanced ophthalmology and neurosurgical equipment for Eye Care and Neurosciences services. The hospital recently commissioned a 30-bedded facility in Entebbe and plans to expand its network of clinics and secondary care facilities nationwide within the next 12 months.
Management Perspective
Dr. Akshay Parmar, Founder and Managing Director of Unihealth Hospitals Limited, commented on the proposed transaction, stating that increasing the stake in Victoria Hospital Limited is a strategic move toward strengthening the company's international presence and consolidating its position in Uganda. He added that the hospital has shown strong operational performance with significant growth in revenue and profitability, and believes the share-swap structure allows Unihealth to participate meaningfully in the future growth of the asset while maintaining financial discipline.Company Profile: Unihealth Hospitals Limited
Unihealth Hospitals Limited was founded in Mumbai in 2010 and operates as an integrated healthcare platform delivering affordable and high-quality services across India and East Africa. The company’s operations include hospital management, healthcare consultancy, pharmaceutical exports, consumables exports, and medical value travel.The consolidated results for Unihealth for FY26 showed Total Income of 137.01 Cr, EBITDA of 58.82 Cr, and Net Profit attributable to the equity shareholders amounting to £25.83 Cr.
UNIHEALTH Stock Price Movement
Shares of Unihealth Hospitals Limited are edging higher to ₹521.75 as of 12:31 PM today, rallying by 4.99% in the live market. The stock currently finds itself trading within a tight intraday range, having moved from a low of ₹510 during morning trading.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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