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Geojit Research’s IPO Report
Global Health Ltd. (Medanta), incorporated on August 13, 2004, at New Delhi, is one of the largest private multi-speciality hospital chains operating in the North and East regions of India.
As per the CRISIL report, its key specialties are cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedic, liver transplant, and kidney and urology.
Medanta has a network of five hospitals currently in operation (Gurugram, Indore, Ranchi, Lucknow and Patna) and one hospital under construction (Noida).
As of June 30, 2022, Medanta provides healthcare services in over 30 medical specialties and engages over 1,300 doctors, spanning an area of 4.7 million square feet with 2,467 installed beds.
Revenue from operations grew at ~50% YoY in FY22 and ~27% YoY in Q1 FY23, led by an rise in patient volumes, bed occupancy levels (~61% in FY22) and increase in average revenue per occupied bed (~up by 14% YoY in FY22).
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