Global Health Ltd Unveils Rs 4,000 Crore Expansion Plan Amid Q4 Profit Dip
Global Health Ltd, operator of Medanta hospitals, revealed a Rs 4,000 crore expansion plan to increase bed capacity to 6,000, with new centers in Noida, Guwahati, and Mumbai. Q4 results show 15.17% revenue growth to Rs 931.30 crore, but a 20.35% decline in net profit to Rs 101.40 crore. EBITDA margin contracted to 20.72% from 25.58%. Annual revenue increased by 15.53% to Rs 2,280 crore, with net profit growing 37.12% to Rs 360.90 crore.
15May 25
Global Health Reports Strong Q4 FY2023 Results with Revenue and EBITDA Growth
Global Health announced Q4 FY2023 results with revenue up 15.1% to ₹9.31 billion and EBITDA rising 25.7% to ₹2.25 billion. EBITDA margin improved to 24.13%. However, net profit decreased to ₹1.01 billion from ₹1.27 billion year-over-year, partly due to an exceptional item of ₹499 million. The results showcase robust operational performance despite challenges.
28Apr 25
Medanta Expands to Northeast: Plans ₹510 Crore Super Specialty Hospital in Guwahati
Global Health Ltd, parent of Medanta hospitals, plans to establish a 400+ bed super specialty hospital in Guwahati, Assam. The company will invest ₹510 crore, including ₹30 crore for a 3-acre land parcel. The hospital, to be developed over 3-4 years, will offer 20+ super specialties and serve 50 million people across Assam and neighboring states. This expansion marks Medanta's entry into Northeast India, adding to its existing 3,042-bed capacity across other locations.
07Apr 25
Global Health Eyes Expansion: Receives Land Offer for Super Speciality Hospital in Guwahati
Global Health Limited, operator of Medanta hospitals, has received an offer from Assam Electricity Grid Corporation Ltd (AEGCL) to acquire a 3-acre land parcel in Guwahati. The company is considering establishing a super speciality hospital in the region, potentially improving healthcare access in Northeast India. Management is currently evaluating the offer and will update stakeholders on material developments.
20Feb 25
NCLT Greenlights Merger of Medanta Holdings with Global Health
The National Company Law Tribunal (NCLT) has approved the merger between Medanta Holdings Private Limited (MHPL) and Global Health Limited (GHL), the parent company of Medanta hospitals. The amalgamation involves MHPL, a wholly-owned subsidiary, merging into GHL. The merger will be effective once the certified NCLT order is filed with the respective Registrar of Companies. This corporate action is expected to streamline operations and potentially enhance efficiency in the healthcare sector.