IHH Healthcare Bhd, an integrated healthcare provider, through its wholly-owned subsidiary Gleneagles Development Private Limited, has entered into an agreement to buy out the remaining stake held by Dr Ravindranath Kancherla and his affiliates in Ravindranath GE Medical Associates Private Limited (RGE) for an approximate purchase of Rs 7,400 million.

Kancherla is the founder of RGE, which owns the chain of Gleneagles Global Hospitals, one of the leading tertiary and quaternary healthcare chains in India, specialising in comprehensive multi-organ transplant services.