Medanta: Medanta holds promise, but wait for a clear growth trend to emerge

However, Medanta is smaller than its industry peers – Apollo Hospital, Fortis Healthcare, Max Healthcare and Narayana Hrudayalaya. Due to its investments in newer assets in recent years, its return ratios like return on capital employed (RoCE) and earnings per share (EPS) are lower than some of these peers

Synopsis

Global Health’s flagship hospital was set up in Gurugram in 2009 and the company now operates five hospitals and six clinics across eight cities in the north and east of India. As of June 30, 2022, the company had a total capacity of 2,467 installed beds, and the occupancy rate was 46.2% with a strength of over 1,300 doctors.

ET Intelligence Group: Founded by cardiologist Naresh Trehan, New Delhi-based Global Health is a private multi-speciality tertiary care hospital chain operating under the Medanta brand. It is rolling out an IPO to raise ₹2,200 crore comprising a fresh issue of shares of ₹500 crore with the remaining being an offer for sale. About ₹375 crore from the IPO proceeds will be used to repay debt and the remaining for general corporate

ET Bureau

4 mins read, Last Updated:

Nov 03, 2022, 06:11 AM IST

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