Reliance Industries’ subsidiary, Reliance Digital Health Limited (RDHL), has entered into agreements to acquire a 45% equity stake in US-based Health Alliance Group Inc. (HAGI) for USD 10 million. The deal, expected to close in two weeks, strengthens RDHL’s position in the healthcare sector.
Founded in December 2023, HAGI is a US-based healthcare company that focuses on providing technology-driven solutions for underserved communities in the US, India, and globally. With expertise at the intersection of healthcare, IT, and innovation, HAGI aims to revolutionize healthcare access.
This investment will enable RDHL to develop a virtual diagnostic and care platform, expanding healthcare access to underserved populations. The transaction is not related to any promoter or group company interests, ensuring its independence.
RDHL’s strategic move aligns with its vision to enhance healthcare accessibility and leverage technology for improved patient care. The deal is subject to customary closing conditions and is expected to be finalized within approximately two weeks.
