Yatharth Hospitals Share Jump Due to New Expansion

Stock Market

Shares of Yatharth Hospital and Trauma Care Services Ltd were trading at ₹661.80 at 2.45 pm today, down ₹9.20 or 1.37 percent on the NSE.

Yatharth Hospital and Trauma Care Services Ltd on October 30 announced that it will acquire a percent stake in a 400-bed hospital in Faridabad for ₹91.20 crore, marking its third strategic acquisition this year. The deal values ​​the target hospital, managed by MGS Infotech Research & Solutions Private Limited, at an enterprise value of ₹152 crore.

The company plans to invest another ₹100 crore to equip the facility with advanced medical equipment, including oncology and robotic surgery capabilities. The hospital, built on two hectares, is expected to be operational by early fiscal year 2025.

This announcement follows Yatharth’s successful bid on October 29 for another hospital in Delhi’s Model Town area, which has an expandable capacity of over 300 beds. The Delhi facility was acquired through e-auction under the SARFAESI Act 2002.

Yatharth Hospitals currently operates five super specialty hospitals in Delhi-NCR and Madhya Pradesh, with a total capacity of 1,605 beds by June 2024. The facilities in Noida Extension and Greater Noida are the 8th and 10th largest private hospitals in Delhi-NCR. respectively based on the number of beds in the 2023 financial year.

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