Rays of Belief Completes USD 2 Million US Healthcare Acquisition

Acquisition value: USD 2 million in cash.
Stake acquired: 100% of City Pro Group Inc.

Reader Takeaway: Expands US healthcare footprint, while successful integration remains the key execution challenge.

What just happened

Rays of Belief Ltd has announced that its wholly owned subsidiary, Mom's Belief US Inc., has completed the acquisition of 100% of the equity share capital of City Pro Group Inc.

The transaction was completed on September 18, 2026, through a cash consideration of USD 2 million. Following the acquisition, City Pro Group has become a step-down wholly owned subsidiary of Rays of Belief Ltd.

According to the company, no regulatory approvals were required to complete the transaction.

Why this matters

The acquisition strengthens the company's presence in the United States healthcare market through an operating business with an established service network.

City Pro Group provides pediatric early intervention and school-based special education services in New York. It operates clinics across the Bronx, Brooklyn, Manhattan and Plainview in Long Island and serves programs under New York State, New York City Department of Education and Long Island school district arrangements.

The backstory

The target company has a track record of stable revenue generation.

Reported turnover stood at approximately USD 11.43 million for the year ended June 30, 2025, compared with about USD 11.41 million in FY2024 and USD 9.71 million in FY2023.

The acquisition aligns with Rays of Belief's strategy of expanding its pediatric developmental and early intervention services beyond India through inorganic growth.

What changes now

City Pro Group will now operate within the Rays of Belief group through Mom's Belief US Inc.

The acquisition adds an operational healthcare platform in the United States and broadens the group's presence in pediatric developmental care and school-based special education services.

Risks to watch

Investors should monitor the integration of the acquired business, execution of cross-border operations and the contribution of the US business to consolidated financial performance over the coming quarters.

What to track next

Key areas to watch include integration progress, revenue contribution from the acquired entity, margin performance and any future expansion of the group's US healthcare operations.