Shifa International to Acquire Minority Shares in Shifa Medical Centre Islamabad

Shifa International Hospitals Limited (SIHL) intends to purchase all shares held by minority shareholders of its subsidiary, Shifa Medical Centre Islamabad (Private) Limited (SMCI). This move is part of a broader strategy focused on streamlining operations and bolstering future expansion.

SIHL communicated this development to the Pakistan Stock Exchange (PSX) in a notification on Monday.

“During a meeting held on May 10, 2025, the Board of Directors of SIHL assessed and sanctioned a proposal to acquire all shares held by minority shareholders in SMCI. This will be achieved through negotiated share purchase agreements and the execution of share transfer deeds with all pertinent parties,” the notification stated.

The notice further explained, “The transaction will primarily result in the consolidation of SMCI into a wholly-owned subsidiary of SIHL.”

This strategic move will ultimately allow SIHL to merge directly with SMCI as a fully-owned subsidiary.

“Besides simplifying the corporate framework by removing unnecessary administrative levels and internal company relationships, the transaction and the subsequent proposed merger will substantially increase SIHL’s asset base and overall size. Consequently, SIHL will be better positioned to leverage economies of scale within the combined entity,” the notice elaborated.

The company anticipates that this proposed transaction will unlock additional opportunities for business development for SIHL.

The completion of the transaction is contingent upon securing all necessary corporate and regulatory authorizations, consents, and approvals.

Shifa International Hospitals Limited was initially established in Pakistan in 1987 as a private limited company before converting to a public limited company in 1989.

The publicly listed company is involved in establishing and managing medical centers, hospitals, pharmacies, and laboratory collection sites throughout Pakistan.