Business Standard reported that DM Healthcare Private Limited is planning to acquire two hospitals in southern India for approximately $100 million to expand its operations in India. Business Standard added that DM Healthcare might conclude the first deal in the first quarter of 2013. Business Standard the BS report says the company is in advanced talks with a hospital near Hyderabad for INR 2 billion.

DM said that it has no plans to acquire hospital in Hyderabad and immediate priority is to acquire two hospitals in Maharashtra.