Unihealth Hospitals Limited has announced a strategic share-swap arrangement to increase its stake in Victoria Hospital Limited, Uganda, from 50% to full ownership. The transaction involves acquiring the remaining equity from its Uganda-based partners by issuing shares of Unihealth, subject to regulatory approvals and independent valuation. This move aims to strengthen Unihealth's international healthcare platform and enhance consolidated profitability without immediate cash outflow.

The transaction will be executed through a share exchange mechanism where the sellers will transfer their equity in Victoria Hospital to Unihealth in exchange for newly issued equity shares of Unihealth. The share exchange ratio and the specific number of shares to be issued will be determined based on independent valuation reports. The deal is contingent upon applicable regulatory approvals and customary closing conditions.

Victoria Hospital Limited has demonstrated strong operational performance in FY 2025-26. The hospital's financial results show significant year-on-year growth, driven by robust demand for quality healthcare services and operational efficiencies.

Financial Performance of Victoria Hospital

The proposed acquisition is expected to provide several strategic and financial benefits to Unihealth. By increasing its ownership, Unihealth aims to enhance consolidated profitability attributable to its equity shareholders. The share-swap structure allows for the preservation of liquidity, continued investment in growth initiatives, and alignment of interests between Unihealth and the selling shareholders.

Victoria Hospital, operating under the UMC Victoria Hospital brand in Kampala, is a leading tertiary care centre offering specialized services including spine, orthopaedics, oncology, and cardiology. The hospital recently commissioned a 30-bedded facility in Entebbe and plans to expand its network of clinics and secondary care facilities across Uganda over the next 12 months.

For FY26, Unihealth Hospitals Limited reported a consolidated Total Income of ₹137.01 Cr, EBITDA of ₹58.82 Cr, and a Net Profit of ₹25.83 Cr attributable to equity shareholders. Dr. Akshay Parmar, Founder and Managing Director of Unihealth Hospitals Limited, stated that increasing the stake is a strategic step towards strengthening the company's international healthcare presence while maintaining financial discipline.

Unihealth Hospitals Limited reported an 82.87% year-on-year increase in net profit to ₹25.83 Cr for the financial year FY26, driven by robust operational performance across its global healthcare verticals. Total income rose 34.61% to ₹137.01 Cr, while EBITDA surged 48.91% to ₹58.82 Cr, reflecting improved operational efficiency. The company's EBITDA margin expanded by over 400 basis points to 42.9%, underscoring its profitability enhancement during the period.

The financial results were disclosed in an earnings call transcript submitted to the National Stock Exchange of India Ltd. on June 08, 2026. Dr. Akshay Parmar, Managing Director, highlighted that the company delivered strong growth led by healthy patient volumes and increasing demand for specialty healthcare services. For the second half of FY26, consolidated total income grew by 18.4% year-on-year to ₹67.5 Cr, with profit attributable to shareholders rising 19% to ₹10.7 Cr.

Financial Performance

For the financial year FY26, Unihealth Hospitals Limited reported the following consolidated financial results:

Strategic Developments

The company successfully commissioned its Navi Mumbai hospital and finalized the lease for its upcoming 200-bed facility in Nashik. Additionally, it completed the acquisition and commissioning of UMC Hospital in Entebbe, Uganda. These milestones doubled the overall bed capacity from approximately 200 beds at the beginning of FY26 to around 400 beds. UMC Hospitals Navi Mumbai has successfully performed its first robotic total knee replacement surgery, and UMC Victoria Hospital in Uganda achieved its first successful IVF twin birth.

Geographic Revenue Breakdown

The African market emerged as the primary revenue source, accounting for 84.13% of total income in FY26. Uganda led the geographic segments with revenue of ₹115.27 Cr, followed by India at ₹24.95 Cr. Other contributing regions included Nigeria, the UAE, Tanzania, and Mauritius. Management noted that while Africa remains a key pillar, the contribution from India is expected to increase significantly with the Navi Mumbai and Nashik facilities becoming fully operational.

Future Outlook

Looking ahead to FY27, the company targets a commissioned bed capacity of over 420 beds, potentially crossing 500 beds if the planned 100-bed tertiary care hospital in Tanzania is finalized. Management expects to double revenue in FY27, targeting a top line between ₹250 Cr and ₹300 Cr. The company anticipates consolidated EBITDA margins to remain in the early to mid-30s and PAT margins between 8% and 12% as it integrates newly added facilities and accelerates utilization.