<p>Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies.</p>.<p>Adani Enterprises Ltd — the group's business incubator firm — in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022.</p>.<p>AVHL will "carry on the business of healthcare-related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centers and to do all other allied and incidental activities in this regard," it said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/gautam-adani-and-mukesh-ambani-the-two-men-reaping-windfall-from-surging-oil-coal-prices-1110453.html" target="_blank">Gautam Adani and Mukesh Ambani: The two men reaping windfall from surging oil, coal prices</a></strong></p>.<p>AHVL, it said, will commence its business operations in due course.</p>.<p>The group, which runs businesses from seaports to airports and energy, forayed into the cement sector through the acquisition of Swiss cement maker Holcim's India operations for a total of $10.5 billion.</p>.<p>For its healthcare foray, the group reportedly has been in talks with big names in the sector and may invest up to $4 billion.</p>.<p>It and Piramal Healthcare are reportedly in the race to buy the public sector pharmaceutical firm, HLL Lifecare Ltd (HLL). The government had in December 2021 decided to sell a 100 per cent stake of the company to private entities. As many as seven initial bids have been received for the company.</p>.<p>The healthcare space in India is quite fragmented with the market dominated by local and regional players.</p>.<p>In recent years, the online pharmacy space has witnessed a surge in mergers and acquisitions, like Reliance Industries Ltd acquiring a majority stake in online pharmacy Netmeds for Rs 620 crore. Tata Group has also forayed into the online pharmacy business with its app, Tata1mg.</p>.<p>Some have seen healthcare as another sector where Adani and billionaire Mukesh Ambani clash but the two have different lines of business - the former is looking to build healthcare infrastructure and the latter wants to strengthen the retail chain.</p>
<p>Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies.</p>.<p>Adani Enterprises Ltd — the group's business incubator firm — in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022.</p>.<p>AVHL will "carry on the business of healthcare-related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centers and to do all other allied and incidental activities in this regard," it said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/gautam-adani-and-mukesh-ambani-the-two-men-reaping-windfall-from-surging-oil-coal-prices-1110453.html" target="_blank">Gautam Adani and Mukesh Ambani: The two men reaping windfall from surging oil, coal prices</a></strong></p>.<p>AHVL, it said, will commence its business operations in due course.</p>.<p>The group, which runs businesses from seaports to airports and energy, forayed into the cement sector through the acquisition of Swiss cement maker Holcim's India operations for a total of $10.5 billion.</p>.<p>For its healthcare foray, the group reportedly has been in talks with big names in the sector and may invest up to $4 billion.</p>.<p>It and Piramal Healthcare are reportedly in the race to buy the public sector pharmaceutical firm, HLL Lifecare Ltd (HLL). The government had in December 2021 decided to sell a 100 per cent stake of the company to private entities. As many as seven initial bids have been received for the company.</p>.<p>The healthcare space in India is quite fragmented with the market dominated by local and regional players.</p>.<p>In recent years, the online pharmacy space has witnessed a surge in mergers and acquisitions, like Reliance Industries Ltd acquiring a majority stake in online pharmacy Netmeds for Rs 620 crore. Tata Group has also forayed into the online pharmacy business with its app, Tata1mg.</p>.<p>Some have seen healthcare as another sector where Adani and billionaire Mukesh Ambani clash but the two have different lines of business - the former is looking to build healthcare infrastructure and the latter wants to strengthen the retail chain.</p>