Artemis Medicare Services Limited, a prominent healthcare provider, has announced the appointment of Mr. Rudra Narayan Acharjee as Head-Investor Relations, M&A and Organization Growth Strategy, effective September 18, 2025. This strategic move aims to bolster the company's investor relations and drive its expansion plans.

Key Appointment Details

The Board of Directors of Artemis Medicare Services approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Mr. Acharjee will join the company as a Senior Management Personnel, bringing with him a wealth of experience in corporate finance and strategy across various sectors.

Professional Background

Rudra Narayan Acharjee is a seasoned professional with a diverse background spanning healthcare, manufacturing, and banking sectors. His expertise lies in business transformation, optimizing financial performance, and enabling sustainable growth through strategic initiatives.

Educational Qualifications

Mr. Acharjee holds impressive credentials, including:

• Chartered Financial Analyst (CFA) from ICFAI University, Tripura
• Master of Investment & Financial Analyst (MIFA) from ICFAI University, Tripura
• MBA from the Regional College of Management, Odisha

Previous Experience

Prior to joining Artemis Medicare Services, Mr. Acharjee held significant positions in reputable organizations:

• Assistant Vice President - Business Planning & Strategy at KIMS Hospitals, Hyderabad
• Worked with Narayana Health and Fortis Healthcare in the healthcare sector
• Experience in manufacturing with Jindal Stainless Ltd. and Kajaria Ceramics Ltd.

Role and Responsibilities

In his new role, Mr. Acharjee will be responsible for:

• Heading the Investor Relations department
• Overseeing Mergers and Acquisitions (M&A) activities
• Developing and implementing organizational growth strategies

This appointment underscores Artemis Medicare Services' commitment to strengthening its leadership team and focusing on strategic growth initiatives. Mr. Acharjee's extensive experience in the healthcare sector, combined with his expertise in finance and strategy, is expected to contribute significantly to the company's future expansion plans and investor relations efforts.

The healthcare industry continues to evolve rapidly, and with this key appointment, Artemis Medicare Services appears poised to navigate the changing landscape while focusing on sustainable growth and shareholder value creation.

Artemis Medicare Services Limited has announced an ambitious expansion strategy, aiming to increase its bed capacity to over 1,100 by FY26. The healthcare provider plans to add two new hospitals to its portfolio, significantly boosting its presence in key markets.

Expansion Plans

The company's growth strategy includes:

1. A 300-bed hospital in Raipur
2. A 550-bed hospital in South Delhi

These additions will substantially increase Artemis Medicare's footprint in both tier-2 cities and the lucrative Delhi-NCR market. The expansion also aligns with the company's vision to enter international markets, enhancing its global presence.

Q1 Financial Highlights

Artemis Medicare has reported robust financial results for the first quarter:

• Average Revenue Per Occupied Bed (ARPOB): Reached ₹83,900, marking a significant improvement in revenue generation per patient.
• Profit After Tax (PAT): Grew by 28% compared to the same quarter last year, indicating strong bottom-line performance.
• Gross Revenue: Increased to ₹2,681.00 crore, up 14.4% year-on-year.
• EBITDA: Rose to ₹483.00 crore, showing a 19.1% growth from the corresponding quarter of the previous year.
• EBITDA Margin: Improved to 19.0% from 18.2% in the corresponding quarter of the previous year.

Operational Performance

The company's operational metrics show positive trends:

Strategic Initiatives

Artemis Medicare is focusing on several strategic initiatives to drive growth:

1. Capacity Enhancement: The company has opened a third tower at its Gurugram facility, increasing capacity to over 700 beds.
2. Super Specialty Expansion: Plans are underway to strengthen the super specialty segment across various locations.
3. Asset-Light Model: The company is emphasizing an asset-light approach for sustainable growth.
4. International Expansion: Artemis is operating its first international hospital in Curepipe, with plans for further global expansion.

Management Commentary

Dr. Devlina Chakravarty, Managing Director of Artemis Medicare, commented on the company's performance: "We are pleased to announce a strong start to the fiscal year, with Q1 delivering consistent growth and resilient operational performance despite being a seasonally soft quarter. Our continued focus on cost optimization, operational efficiency, and disciplined execution has enabled us to maintain healthy profitability and margins."

The company's expansion plans and strong financial performance indicate its commitment to growth and improving healthcare accessibility across India and beyond. As Artemis Medicare continues to execute its strategic initiatives, it aims to solidify its position as a leading healthcare provider in the country.