Jeena Sikho Lifecare Inks 5-Year Diagnostic Deal with Chandan Healthcare, Invests ₹42.12 Crore

1 min read     Updated on 13 Oct 2025, 03:22 PM
scanx
Reviewed by
Riya DeyScanX News Team
whatsapptwittershare
Overview

Jeena Sikho Lifecare Limited has entered into a strategic partnership with Chandan Healthcare Limited, approved on October 13, 2025. The partnership includes a five-year exclusive diagnostic collaboration agreement and a significant investment. Chandan Healthcare will be the sole diagnostic partner for all Jeena Sikho's facilities. Jeena Sikho will invest up to ₹42.12 crore in Chandan Healthcare through convertible warrants. The collaboration aims to enhance diagnostic services quality and efficiency across Jeena Sikho's network.

21894743

*this image is generated using AI for illustrative purposes only.

Jeena Sikho Lifecare Limited has made a significant move in the healthcare sector by entering into a strategic partnership with Chandan Healthcare Limited. The collaboration, approved by Jeena Sikho's board on October 13, 2025, encompasses two major components: an exclusive diagnostic collaboration agreement and a substantial investment in Chandan Healthcare.

Strategic Partnership Details

The five-year exclusive diagnostic collaboration agreement positions Chandan Healthcare as the sole diagnostic partner for all healthcare services across Jeena Sikho's existing and future facilities. This partnership aims to enhance the quality and efficiency of diagnostic services offered to Jeena Sikho's patients.

Key aspects of the collaboration include:

Aspect Details
Duration 5-year lock-in period
Scope Diagnostic, pathological, radiological, and allied healthcare services
Chandan's Responsibilities Establish and operate diagnostic centers within Jeena Sikho's facilities
Jeena Sikho's Contributions Provide space, utilities, and brand recognition
Patient Benefits Preferential or concessional diagnostic services through Chandan Healthcare cards

Investment in Chandan Healthcare

Alongside the partnership, Jeena Sikho's board has approved a significant investment in Chandan Healthcare through a preferential issue of convertible warrants:

Investment Details Values
Number of Warrants Up to 18,00,000
Conversion Ratio 1:1 (One warrant to one equity share)
Face Value of Shares ₹10.00 per share
Issue Price per Warrant ₹234.00
Total Investment ₹42.12 crore
Initial Payment 25% at allotment
Balance Payment 75% at conversion
Conversion Period Within 18 months from allotment

Strategic Implications

This partnership and investment strategy demonstrate Jeena Sikho's commitment to enhancing its healthcare offerings. By collaborating with Chandan Healthcare, Jeena Sikho aims to provide standardized, high-quality diagnostic services across its network. The investment in Chandan Healthcare further solidifies this partnership and potentially allows Jeena Sikho to benefit from Chandan's growth in the diagnostic sector.

The move is likely to strengthen Jeena Sikho's position in the healthcare market by offering integrated services and potentially improving patient care through advanced diagnostic capabilities. It also reflects a trend in the healthcare industry towards strategic partnerships that combine complementary strengths to enhance overall service quality and operational efficiency.

As the healthcare landscape continues to evolve, such collaborations may become increasingly common, with companies seeking to create comprehensive ecosystems that can provide end-to-end patient care solutions.

Historical Stock Returns for Jeena Sikho Lifecare

1 Day5 Days1 Month6 Months1 Year5 Years
+0.75%+1.62%-4.07%-66.78%-50.90%+344.39%
Jeena Sikho Lifecare
View in Depthredirect
like18
dislike

Jeena Sikho Lifecare Limited Launches New 230-Bed Hospital in Maharashtra's Raigad District

1 min read     Updated on 24 Sept 2025, 11:55 AM
scanx
Reviewed by
Riya DeyScanX News Team
whatsapptwittershare
Overview

Jeena Sikho Lifecare Limited (JSLL) has launched operations at its new hospital in Raigad District, Maharashtra. The facility, located in Karnala village, spans 7.9 acres and features 230 beds, 54 rooms, and 3 OPD units. This expansion, completed in about five months since its proposal in April, marks a significant step in JSLL's growth strategy in Maharashtra's healthcare sector.

20240714

*this image is generated using AI for illustrative purposes only.

Jeena Sikho Lifecare Limited (JSLL) has officially commenced operations at its new hospital in Raigad District, Maharashtra, marking a significant expansion of its healthcare services. The company made the announcement through a regulatory filing to the National Stock Exchange of India and BSE Limited on September 24, 2025.

Hospital Details

The newly operational facility boasts impressive features:

Particulars Details
Location Prudence Estate, Survey No. 62/1/B, Village Karnala, Taluka-Panvel, Pincode-410221
Total Area 7.9 Acres
Bed Capacity 230
Rooms 54
OPD Units 3

Timeline and Development

The journey of this healthcare project began earlier in the year when JSLL first proposed the establishment of the hospital in April 2025. Following a swift development period of approximately five months, the company successfully launched operations on September 23, 2025.

Strategic Expansion

This new hospital represents a strategic move by Jeena Sikho Lifecare Limited to strengthen its presence in Maharashtra's healthcare sector. The substantial bed capacity and multiple OPD units suggest that the facility is designed to cater to a wide range of medical needs in the Raigad District and surrounding areas.

Management Statement

Manish Grover, Managing Director of Jeena Sikho Lifecare Limited, signed off on the regulatory filing, underlining the company's commitment to expanding its healthcare infrastructure.

Market Impact

As JSLL continues to grow its operational footprint, investors and market watchers may be keen to observe how this expansion impacts the company's financial performance and market position in the coming quarters.

The launch of this new hospital aligns with the broader trend of healthcare expansion in India, particularly in regions outside major metropolitan areas, potentially improving access to quality healthcare services for local communities.

Historical Stock Returns for Jeena Sikho Lifecare

1 Day5 Days1 Month6 Months1 Year5 Years
+0.75%+1.62%-4.07%-66.78%-50.90%+344.39%
Jeena Sikho Lifecare
View in Depthredirect
like18
dislike
More News on Jeena Sikho Lifecare
Explore Other Articles
770.35
+5.70
(+0.75%)