MULTISPECIALTY HOSPITALS
Aster to invest Rs 250 crore in CMI Hospital, to upscale to 850 beds
Aster DM Healthcare announced a major expansion plan for Aster CMI Hospital in Bengaluru, increasing its bed capacity from 500 to 850 beds with a 300,000 sq ft infrastructure expansion. With a total of 1602 beds, the company strengthens its presence in Bengaluru. The Rs. 250 crore investment aims to upgrade facilities by fiscal year 2027, reinforcing their commitment to quality healthcare and strategic growth.
Defensive stocks: FMCG is “passe”; 8 stocks from two sectors may be called “new defensives” with upside potential of up to 32%
1994 to 2024 is a difference of 30 years, but there is one thing which has remained constant, advice to move to defensive stocks when markets are volatile or there is an event risk. Four questions need to be asked; first, what is a defensive stock? Second, is a stock which was considered a defensive in 1994 when the Indian economy was just opening, still a defensive stock in 2024 ? Third, should there be a new definition of defensive stock in 2024 ? Last but not the least, what are the new defensive sectors or stocks?
Will short-term headwinds impact long-term potential? 6 stocks from hospital sector with upside potential of up to 30%
After outperforming the market, stocks from the healthcare sector or what is more commonly called hospital sector have gone into consolidation mode. The consolidation has been prompted by the fact that voices have been raised about differential pricing in the services of the hospitals. The matter has reached the Supreme Court and will be heard. Given the fact that while medicine is a science but in real life as practice it has an element of art in it. For example, a hospital who has a renowned surgeon from any branch, be it cardio, neuro on its roll may charge up more for the same surgery as compared to others. While the moral debate is on one side, there is another side to the story. In a country like India, the healthcare infrastructure needs vast expansion and upgradation. To some extent the street is ruthless and does not have much moral obligation.
Anand Rathi initiates coverage on 6 hospital stocks with upside potential of up to 25%
Anand Rathi initiates coverage on 6 hospital stocks, recommending 'buy' for Max Healthcare, Rainbow Children’s Medicare, KIMS, and Jupiter Life-Line Hospitals, while suggesting 'hold' for Global Health (MEDANTA) and Narayana Hrudayalaya. They cite India's healthcare market potential, driven by demographic changes and non-communicable diseases, forecasting 15% CAGR to Rs 7.7 lakh crore by FY25.
Sakra World Hospital lines up ₹2,000 crore for Bengaluru expansion
The expansion involves addition of 1,000 hospital beds across two multispecialty hospitals and a small boutique hospital, a top official said.
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Lilavati Hospital to tap PE, pension funds for its Rs 4k-cr expansion plan
The expansion will encompass 3,000 hospital beds. Lilavati is setting up a greenfield 300-bed multi-specialty hospital in GIFT City, Gujarat with an investment of Rs 300 crore. The hospital is slated to open by 2025-end. Lilavati is also considering opening hospitals in Dharamshala (Himachal Pradesh), Noida (Uttar Pradesh), Pune (Maharashtra), and Bengaluru (Karnataka) and Guwahati (Assam).
GPT Healthcare shares list at 16% premium over IPO price
GPT Healthcare Share Price: GPT Healthcare's IPO debuted with a 16.2% premium. It raised Rs 525 crore for prepayment/repayment of borrowings. The company operates four multispecialty hospitals. Revenue grew at 53.87% CAGR. Three-month total income was Rs 97.63 crore, net profit was Rs 9.98 crore.
GPT Healthcare to debut tomorrow. Here's what GMP indicates ahead of listing
The shares of GPT Healthcare will debut on the exchanges on Thursday. Ahead of the listing, the company's shares are trading with a premium of Rs 17 in the unlisted market.
GPT Healthcare IPO allotment: Check status, listing date, GMP and other details
GPT Healthcare IPO received 8.5 times subscription. Share allotment to be finalized. Check status on BSE or registrar website. Shares trading with Rs 10 premium. Proceeds used for repayment. Competing with listed peers. JM Financial is the sole book running lead manager.
GPT Healthcare IPO fully subscribed on last day. Check GMP and other details
In the unlisted market, the company's shares are trading with a premium of Rs 10, marginally up from the previous week.
GPT Healthcare IPO: Check subscription on Day 2, GMP and other details
The proceeds from the fresh issue will be used for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company besides general corporate purposes.
GPT Healthcare IPO: Check subscription on Day 1, GMP and other details
GPT Healthcare IPO is priced at Rs 177-186 per share for its Rs 525-crore IPO. Investors can make bids for 80 shares in one lot and its multiples thereafter.
GPT Healthcare IPO opens for subscription. Should you apply?
GPT Healthcare IPO: GPT Healthcare's IPO, valued at Rs 525 crore, opened for subscription. The company raised Rs 157 crore from anchor investors. Analysts advise subscribing for fair valuations, comprehensive services, and quality medical practices. The price band is Rs 177-186 per share.
GPT Healthcare has promising prospects, but wait for listing to get clearer picture
Set up in 2000 as an eight-bed hospital at Salt Lake in Kolkata by laparoscopic surgeon Dr Om Tantia, the company now operates four secondary and tertiary care hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds.
GPT Healthcare IPO to open on Thursday. What GMP signals ahead of subscription?
GPT Healthcare has fixed a price band of Rs 177-186 per share for its Rs 525-crore IPO. The issue closes on February 26. Investors can make bids for 80 shares in one lot and multiples thereafter. The proceeds will be used for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and for general corporate purposes.
GPT Healthcare sets price band of Rs 177-186 for its Rs 525-cr IPO
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II.
HCG stake sale: A big acquisition deal likely coming up for HCG as EQT, TPG and KKR eye majority stake
A rising middle-class and an aging population have boosted demand for private medical services across Asia, which in turn, is seeing massive consolidation and heightened deal activity in the healthcare sector.
Kolkata-based GPT Healthcare announces IPO dates. Check details
The IPO, with a face value of Rs 10, consists of a fresh issue of equity shares, aggregating to Rs 40 crore, and an offer for sale (OFS) of up to 2.6 crore equity shares by BanyanTree Growth Capital II, LLC, a Mauritius-based structured private equity.
West Bengal BJP President Sukanta Majumdar admitted to a multi-specialty private hospital in Kolkata on Wednesday
West Bengal BJP President Sukanta Majumdar has been admitted to a Kolkata hospital after being injured during a protest on the Sandeshkhali issue. Section 144 has been imposed in 19 hotspots. Protests erupted in Sandeshkhali, leading the Governor to direct the government to take action against gang leaders.
Mithun Chakraborty discharged from hospital, says he was punished for 'eating like a demon', reveals PM Modi 'scolded' him
The star was admitted to Apollo Multispecialty Hospital after he complained of chest pains and numbness in his limbs. He was diagnosed with an Ischemic Cerebrovascular Accident of the brain.
Actor Mithun Chakraborty is ‘quite stable’, to be discharged from hospital soon
The star was rushed to the Apollo Multispecialty Hospitals on Saturday when he complained of chest pain and numbness in his limbs. He was diagnosed with an Ischemic Cerebrovascular Accident (Stroke) of the brain.
Yatharth Hospital acquires Faridabad based hospital for Rs 116 crore
Yatharth in a statement said the acquired hospital is ready to be operationalized, has necessary approvals, and hence will add revenue to the company from day one. The acquisition will help the company to enhance its presence in the Delhi NCR region. The transaction is expected to consummate by March-2024.
What is an ischemic cerebrovascular stroke? All about the disease ‘Disco Dancer’ Mithun Chakraborty has been diagnosed with
Cerebrovascular Accident is a medical term for a stroke. This health condition occurs when the blood flow to your brain is stopped by a blockage or by the rupture of blood vessels.
Mithun Chakraborty’s condition stable, ‘Disco Dancer’ had a serious brain stroke
Recently, the hospital has issued a bulletin that the ‘Disco Dancer’ star was doing well, and out of danger zone. He was admitted to Apollo Hospital on Saturday after complaining of chest pain and numbness in limbs.
CCI clears SSI's stake buy in Manipal Health Enterprises
The deal has been approved under the green channel route. Manipal Health Enterprises operates a network of hospitals providing multi-specialty care. It has a presence through 27 hospitals in 14 cities in the country.
General Atlantic set to acquire Amar Ujala's hospital chain Cygnus Healthcare
GA will acquire about 51% stake held by existing investors - Eight Roads Ventures India, Evolvence India Fund and Somerset Indus Healthcare Fund. Besides the secondary transaction, GA will also acquire a small minority stake from the promoters along with a primary stake, sources said.
Apollo Hospitals unit says it follows all legal, ethical requirements for transplants
"To be clear, IMCL complies with every legal and ethical requirement for the transplant procedures including all guidelines laid down by the government as well as our own extensive internal processes that exceed compliance requirements," a company spokesperson said.
Marengo Asia acquires 250 beds Gurugram multi-specialty hospital
Marengo Asia Healthcare - the multispecialty hospital platform backed by Samara Capital, Havells Family Investment Office and Godrej Family Investment Office, on Tuesday said it has acquired Gurugram-based 250-beds W Pratiksha Hospital
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