Artemis Hospital Targets 19-20% EBITDA Growth, Plans Ambitious 2,000+ Bed Expansion

Artemis Hospital, a leading healthcare provider, has announced ambitious growth plans and expansion strategies aimed at solidifying its position in the Indian healthcare market.

Strong Financial Targets

The hospital chain is setting its sights on robust financial performance, targeting an impressive quarter-on-quarter EBITDA growth of 19% to 20%. Additionally, Artemis aims to maintain its revenue growth at a steady 15%, showcasing confidence in its operational efficiency and market demand.

Increasing Average Revenue Per Occupied Bed (ARPOB)

Artemis Hospital expects a year-on-year growth of 5% to 8% in Average Revenue Per Occupied Bed (ARPOB). The current ARPOB stands at over Rs 80,000.00, which the company attributes to its focus on complex case mix and revenues from international patients. This strategy indicates Artemis's commitment to high-value medical services and its appeal to both domestic and international markets.

Ambitious Expansion Plans

The hospital has outlined significant expansion plans to increase its bed capacity:

Gurgaon Facility Expansion

• Plans to increase the capacity from 500 to 756 beds
• Potential for an additional 130 beds

Raipur Project

• Launch of a 300-bed tertiary care hospital by March 2026
• Potential to expand to 500 beds

Delhi Project

• Binding MoU for a project that will add 600-650 beds

These expansion initiatives are part of Artemis Hospital's strategic plan to surpass 2,000 beds within the next two to three years through a combination of greenfield and brownfield projects.

Strategic Focus and Future Outlook

Artemis Hospital is focusing on two key areas for growth:

1. Dominating the Delhi-NCR Region: The expansion in Gurgaon and the new project in Delhi demonstrate the hospital's commitment to strengthening its presence in the National Capital Region.
2. Expansion into Tier 2 Cities: The Raipur project signifies Artemis's strategy to tap into the growing healthcare demand in Tier 2 cities.

With these strategic moves, Artemis Hospital is targeting revenue and EBITDA growth northwards of 20-22% over the next three years, indicating a positive outlook on its future performance and market position.

Conclusion

Artemis Hospital's expansion plans and strong financial targets reflect the growing demand for quality healthcare services in India. By focusing on complex cases, international patients, and strategic geographical expansion, the hospital is positioning itself for substantial growth in the coming years.