8 months ago
IHH Healthcare Expands India Capacity to 7,000 Beds by 2028
IHH Healthcare is a big company that runs hospitals in many countries, including India.
They recently bought more shares in two Indian hospital companies, Fortis Healthcare and Malar Hospitals.
Now, they own 31.17% of Fortis Healthcare and 62.73% of Malar Hospitals.
IHH Healthcare currently has 35 hospitals in India with over 5,000 beds.
They plan to add around 2,000 more beds by 2028, bringing the total to about 7,000 beds.
The company wants to work closely with Fortis Healthcare and Gleneagles Healthcare India to make things run better and provide better care for patients.
They are doing this to keep up with changes in India's healthcare system and to provide better services to people.
IHH Healthcare plans to expand its bed capacity in India to 7,000 by 2028.
The company has completed an open offer for an additional stake in Fortis Healthcare, increasing its shareholding to 31.17%.
IHH Healthcare currently owns 62.73% of Malar Hospitals.
The company aims to leverage synergies between Fortis Healthcare and Gleneagles Healthcare India to improve operational efficiencies and patient care.
IHH Healthcare currently operates 35 hospitals in India with over 5,000 beds.
- Who
- IHH Healthcare
- What
- Expansion of healthcare capacity in India
- Where
- India
- When
- By 2028
- Why
- To accelerate innovation, strengthen patient care, and deliver long-term value in India's fast-evolving healthcare landscape
Key facts
- Company
- IHH Healthcare
- Current Shareholding in Fortis Healthcare
- 31.17%
- Current Shareholding in Malar Hospitals
- 62.73%
- Current Number of Hospitals in India
- 35
- Current Number of Beds in India
- 5,000
- Target Number of Beds by 2028
- 7,000
- Number of Countries with Presence
- 10
- CEO
- Prem Kumar Nair
Quotes
Mayur Sirdesai
Partner at private equity firm Somerset Indus Capital Partners
“The critical thing is, healthcare access is still minimal in the country. And healthcare is a very local or regional play, due to which, the real availability of healthcare, even if you look at cities like Mumbai or Delhi, there's so much [room] to expand.”
livemint.com
“Today, even the mid-level chains are seeing expansion potential. So they will expand. At some point, they could be bought over by a [larger chain].”
livemint.com
Dr Ankit Thakker
Joint managing director and CEO at Jupiter
“We already have a presence and strength in the west. We would like to focus and concentrate more on one geography rather than scattering our resources far and wide.”
livemint.com
“The concentration of geography will expand in concentric circles. We will slowly widen the geography of the net as we go along.”
livemint.com
Ram Panda
Managing director of healthcare and life sciences at consultancy Alvarez & Marsal India
“The top 20 organized players have less than 15% share of the healthcare delivery market, indicating significant headroom for regional players to expand.”
livemint.com
“Regional players have also been actively evaluating fundraises.”
livemint.com
Vineet Aggarwal
Group COO of Paras
“...when it comes to Tier II [cities], people are forced beyond the government medical colleges in whichever shape and form to come to Tier I cities for health treatments. This is why we want to venture into Tier II.”
livemint.com
Dr Ramesh Kancharla
Chairman and MD of Hyderabad-based Rainbow Children’s Hospital
“If there are such children's hospitals, of course, we would definitely be looking at it.”
livemint.com
Sources
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