Yatharth Hospital

The growth is attributed to higher occupancy rates and an increase in revenue per bed during the September quarter

Shares of Yatharth Hospital & Trauma Care Services plummeted 6.77 per cent at Rs 612.75 a piece on the BSE

In February 2024, Yatharth Hospitals acquired a 100 per cent stake in the Faridabad-based 175-bed Asian Fidelis Hospital for an enterprise value of Rs 116 crore

The company reported 9 per cent on-year increase in its average revenue per occupied bed (Arpob) at Rs 30,551 in Q1FY25, with bed occupancy rising to 61 per cent in Q1 from 51 per cent last year

The company also announced the commencement of operations at their newly acquired hospital in Faridabad, strengthening its presence in the Delhi NCR market

Yatharth Hospital and Trauma Care Services on Monday said it has acquired Faridabad-based Asian Fidelis Hospital for Rs 116 crore. The healthcare provider, which currently operates three super specialty hospitals in NCR (national capital region), has inked a definitive agreement with Pristine Infracon Pvt Ltd and its shareholders for the buyout. "This acquisition aligns with our company's strategy of expanding its footprint in the North India region," Yatharth Hospitals whole-time director Yatharth Tyagi said in a statement. The healthcare provider currently operates hospitals at Noida, Greater Noida and Noida Extension. Asian Fidelis Hospital comes with 175-bed capacity, which can be further expanded to 200 beds. Yatharth Hospital also reported a 38 per cent increase in profit after tax (PAT) at Rs 29.5 crore in the third quarter ended December 2023. The company had reported a PAT of Rs 21.3 crore in the October-December quarter of last fiscal. Revenue from operations rose to R

Yatharth Hospital added that the bed capacity will be expanded to 200 to 220 beds post acquisition

Amount close to Rs 1,000 crore in 2023; bankers say deals now happening closer to IPO price as opposed to deep discounts earlier

In Q1FY24, average revenue per operating bed (ARPOB) increased to Rs 28,140, compared to Rs 27,706 in Q4FY23 and Rs 26,457 in Q1FY23.

Concord had allotted shares worth Rs 465 crore to anchor investors at Rs 741 per share, the top-end of the price band

The stock moved higher to Rs 341, a 14% premium against its issue price of Rs 300 per share, after listing at Rs 306.10 on the NSE.

The Initial Public Offering (IPO) of Yatharth Hospital and Trauma Care Services was subscribed 36.16 times on the last day of subscription on Friday. The Rs 686.55 crore-initial share sale received bids for 59,72,19,800 shares against 1,65,17,823 shares on offer, as per BSE data. The portion for qualified institutional buyers received 85.10 times subscription while the non-institutional investors part was subscribed 37.22 times. The retail individual investors category was subscribed 8.34 times. The IPO comprised a fresh issue aggregating up to Rs 490 crore and an offer for sale of up to 65,51,690 equity shares. The IPO had a price range of Rs 285-300 a share. The initial public offering of Yatharth Hospital was fully subscribed on the first day of subscription on Wednesday. Yatharth Hospital & Trauma Care on Tuesday said that it collected Rs 206 crore from anchor investors. The company said it intends to utilise the net proceeds for repayment of debt, funding capital expenditur

For the year ended March 2023, the company had reported net profit of Rs 66 crore on revenues of Rs 520 crore

Yatharth Hospital IPO: In the grey market, the hospital chain's share is commanding a 20 per cent premium over its upper price band of Rs 300