Page 12 - Hospitals

Yatharth Hospital acquires Faridabad-based Asian Fidelis for Rs 116 crore

Yatharth Hospital and Trauma Care Services on Monday said it has acquired Faridabad-based Asian Fidelis Hospital for Rs 116 crore. The healthcare provider, which currently operates three super specialty hospitals in NCR (national capital region), has inked a definitive agreement with Pristine Infracon Pvt Ltd and its shareholders for the buyout. "This acquisition aligns with our company's strategy of expanding its footprint in the North India region," Yatharth Hospitals whole-time director Yatharth Tyagi said in a statement. The healthcare provider currently operates hospitals at Noida, Greater Noida and Noida Extension. Asian Fidelis Hospital comes with 175-bed capacity, which can be further expanded to 200 beds. Yatharth Hospital also reported a 38 per cent increase in profit after tax (PAT) at Rs 29.5 crore in the third quarter ended December 2023. The company had reported a PAT of Rs 21.3 crore in the October-December quarter of last fiscal. Revenue from operations rose to R

Apollo Hospitals targets over 15% topline growth per annum till 2030

On the hospital front, AHEL aims to boost volume growth across key specialties such as cardiology, oncology, and neurosciences.

Entero Healthcare garners Rs 716 cr from anchor investors, IPO opens

Healthcare products distributor Entero Healthcare Solutions has collected Rs 716 crore from anchor investors. The company has allotted a total of 56.95 lakh equity shares to 25 funds at Rs 1,258 a piece, which is also the upper end of the price band, according to a circular uploaded on BSE's website late on Thursday. The anchor book saw participation from investors, including the Capital Group, Government of Singapore, Monetary Authority of Singapore, Amundi Funds New Silk Road, Societe Generale, Morgan Stanley Asia (Singapore) Pte, Goldman Sachs (Singapore) Pte, and Copthall Mauritius Investment Ltd. Additionally, Bajaj Allianz Life Insurance Company, SBI General Insurance, and Jupiter India Fund participated in the anchor round. The issue, with a price band of Rs 1,195-1,258 per share, opened for public subscription on Friday. It will close on February 13. The Rs 1,600 crore IPO is a combination of a fresh issue of equity shares worth up to Rs 1,000 crore and an Offer For Sale (

Medanta Q3 results: Profit up 53% at Rs 123.54 cr, revenue up 19.9%

Consolidated net profit fell by 1.29 per cent from Rs 125.16 crore, whereas revenue fell by 1.34 per cent from Rs 843.93 crore in Q2 FY24

Fortis Healthcare Q3 results: Profit down 3.2%, revenue grows by 7.7%

The company reported a fall in bed occupancy to 64 per cent in Q3FY24, from 66.1 per cent in the same quarter last year. This has been attributed to the addition of 100 operation beds

Just 6 CT scan machines in Delhi govt hospitals for 30 mn people, HC notes

Delhi High Court on Monday expressed anguish that there are only six CT scan machines in all Delhi government hospitals for three crore citizens and stressed the need to ramp up infrastructure and fill vacancies in the health sector. The high court pointed out that people are losing lives because they are not being attended to at government hospitals due to a shortage of facilities and staff. A bench of Acting Chief Justice Manmohan and Justice Manmeet PS Arora noted that Health Minister Saurabh Bharadwaj, in a status report, has admitted that there are a lot of shortcomings, including shortage of doctors, paramedics and medicines, and also given his suggestions. Bharadwaj, who inspected several government hospitals, claimed that whenever he convened meetings with hospital staff, Delhi Health Secretary SB Deepak Kumar remained absent. However, Kumar, who was present in the court, denied the allegations and said he attended all the meetings. "I have accompanied the minister in vari

Max Healthcare signs MoU with RCOG for advanced gynaecology programme

As part of the MoU, both organisations will work to promote and conduct training in obstetrics and gynaecology, assessment, and certification of training in India

MSME hospitals in the pink of health; revenue, margins to remain healthy

Revenue and margins to remain healthy next financial year, too

'Cashless everywhere' may cut claims cost, say insurance companies

The 'Cashless Everywhere' initiative aimed at making cashless treatment available for policyholders even in non-empanelled hospitals registered under the Clinical Establishment Act

Cashless treatment facility to be available across hospitals, says GIC

Currently, only 63 per cent of customers avail cashless treatment, whereas the remaining 47 per cent opt for reimbursement claims

Aster DM Healthcare shareholders approve proposal to hive off Gulf biz

Hospital chain Aster DM Healthcare on Tuesday said its shareholders have approved the proposal to hive off its Gulf business in a deal valued at USD 1.01 billion. The proposed resolutions were passed with the requisite majority by shareholders on January 22, the company said in a regulatory filing. Over 99 per cent of the votes polled were in favour of the deal, it added. On November 28 last year, Aster DM Healthcare announced that it would separate its India and Gulf businesses by way of a deal worth over USD 1 billion. The company stated that it has received approval from its board and subsidiary Affinity Holdings Pvt Ltd to separate the India and GCC businesses into two distinct and standalone entities. Under the separation plan, Affinity entered into a definitive agreement with a consortium of investors led by Fajr Capital, a private equity firm headquartered in the UAE, to invest in Aster's GCC business. Upon completion, the separation of the India and GCC businesses will ..

Murugappa Group's CSR subsidiary AMM Foundation completes 100 years

Established a century ago, the AMM Hospital, known locally as the 'oru ruba' (one rupee, which is the fee charged from patients) hospital, has been a beacon of quality healthcare for local community

Active Covid cases hit one-month low, shows health ministry data

Doctors say JN.1 not the only reason for Covid spike last month

Central govt hospitals in Delhi to remain closed till 2:30 pm on January 22

All four Central government-run hospitals, including AIIMS and Safdarjung Hospital, in Delhi will remain closed till 2:30 pm on January 22, on the occasion of the consecration ceremony at Ram temple, but critical and emergency services will be functional. According to an official notice by AIIMS, Delhi, the central government has declared January 22 as a half-day holiday till 2.30 pm. It is notified for information of all the employees that the institute will remain half day closed till 2.30 pm on January 22. All Chiefs of Centres, Heads of the Departments, Units and Branch Officers are requested to bring this to the notice of all staff working under them, it said. "...all critical clinical services shall remain functional," it said. All appointments are being rescheduled and critical clinical services will remain functional, an AIIMS official said. If any patients come, we will try to accommodate them. Evening OPDs will be functioning, the official said. According to a circular

Israeli tanks renew push towards biggest hospital still working in Gaza

People inside Khan Younis' Nasser Hospital, forced to house displaced Gazans as well as patients, reported hearing shellfire from tanks advancing into the west of the city

Pvt hospitals projected to add 30,000 beds over next 5 yrs: ICRA

The projection indicated a rise in capacity building and occupancy, translating into a year-on-year (Y-o-Y) revenue growth to the tune of 12 to 14 per cent in FY24

Expect private hospitals to invest Rs 32,000 cr, add over 30,000 beds: ICRA

Private hospital chains are expected add over 30,000 beds at an investment of Rs 32,500 crore in the country over the next four to five years, rating agency Icra said on Wednesday. It expects the aggregate occupancy for its sample set companies to remain healthy at 64-65 per cent in FY24 backed by sustained healthy demand for healthcare services, continued market share gains for organised players and revival in medical tourism after the pandemic. "Overall, most private players are expected to add over 30,000 beds in the next four to five years at an investment of Rs 32,500 crore," ICRA Assistant Vice President & Sector Head Mythri Macherla said. Metro cities are expected to remain focal points for this capacity expansion, she added. Centres such as Delhi-NCR, Mumbai, and Bengaluru are expected to witness sizeable bed additions in the next few years, Mythri said. In addition to setting up new greenfield and brownfield facilities to enhance their capacities, hospital chains are also

Fortis Healthcare plans acquisitions, may opt for neutral brand name

We have taken a calculative view that at least for SRL, we have moved to the Agilus brand, and we have successfully completed that last year, said CFO of Fortis Healthcare

Delhi govt issues show-cause notice to LNJP for not admitting injured man

The Delhi government has issued a show-cause notice to the LNJP Hospital authorities asking them to terminate the services of a senior resident doctor, days after the death of an injured man who was allegedly denied admission at four different hospitals. A similar show-cause notice was issued by the health and family welfare department of the Delhi government to the Guru Teg Bahadur (GTB) Hospital authorities asking them to terminate the services of a senior resident doctor. Pramod, 47, who was arrested after a 21-year-old woman alleged that he had molested her in an inebriated state, died of the injuries he suffered after jumping out of a moving police van on January 3, a senior officer said. He was allegedly denied admission by four government hospitals, including three Delhi government-run facilities, due to unavailability of beds or equipment, a senior officer had said earlier. Officials said a meeting was also held with medical directors and medical superintendents of all Delh

Going viral: How is the pharma market coping with Janaushadhi Kendras?

Janaushadhi Kendras sell generic drugs that are priced 50 to 60 per cent lower than the popular brands