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Yatharth Hospitals to double bed capacity in three years

Monday, 19 Feb 2024
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Yatharth Hospitals is looking to ramp up its presence across Uttar Pradesh, Madhya Pradesh and Haryana, as the hospital chain plans to double bed count to 2,800 over the next three years. The expansion plan includes both organic and inorganic routes.

Yatharth Hospitals will add 450 beds across two of its existing facilities over the next three years. The plan for inorganic growth would see the super-speciality hospital chain target one acquisition, of around 200 beds every year. Further, it will also take over facilities under the operation and maintenance (O&M) models.

The specialty hospital chain recently announced a Rs 116-crore acquisition of Faridabad-based Asian Fidelis, and its integration with Yatharth and rebranding of the former is expected to be completed by April, 2024. An additional Rs 50 crore is being made to add facilities which include super-speciality surgeries and procedures at the hospital. 

Yatharth Hospitals' current presence is in Uttar Pradesh, with three facilities in Noida, Greater Noida and Noida Extension, one each in Orchha, Madhya Pradesh and Haryana, Faridabad.  It reported an operating revenue of Rs 493 crore, up 31 percent year-on-year in the nine months ending December, 2023.

 
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