Hospital Financial News

Rekha Jhunjhunwala, was named in the list of the richest women by Forbes in 2022, after her husband, stock trader and billionaire rakesh Jhunjhunwala passed away. According to Forbes, Rekha Jhunjhunwala at that time nurtured a net worth of $5.7 billion. It has been a year since Rakesh Jhunjhunwala passed away at the age of 62.

Blackstone has emerged the frontrunner to acquire Kims Healthcare Management (KHML), Kerala’s leading hospital chain, said two people aware of the development. The US private equity major is expected to acquire up to 75% holding in the hospital chain, valuing it at Rs 4,000 crore, they said. Initially, Blackstone is aiming to buy 55% stake held by existing investor True North along with 20% stake held by minority shareholders, they said. The deal is likely to be signed by mid-September. The management will remain the same, headed by founder Dr MI Sahadulla who along with his family holds about 25% stake in Kims, the sources said. Blackstone and Manipal Health Enterprises are the two contenders left in the race for Kims. Manipal was keen on acquiring up to 90% stake with Sahadulla to remain as a minority shareholder with 10% stake, people cited above said. Manipal Health Enterprises, Max Healthcare, Temasek-owned Sheares Healthcare, and global buyout funds Blackstone and CVC Capital were among half a dozen potential buyers in initial talks to acquire about 65-70% in Kims Health Management, ET first reported in December. Kims Health has four operational hospitals in Kerala — in Thiruvananthapuram, Kottayam, Kollam and Perinthalmanna — with a total capacity of 1,378 beds.

Chhatrapati Shivaji Maharaj Hospital in Kalwa in Thane, civic commissioner Abhijit Bangar said on Sunday. These comprise 10 women and eight men, of which six are from Thane city, four from Kalyan, three from Sahapur, one each from Bhiwandi, Ulhasnagar and Govandi (in Mumbai), one patient is from some other place and and one is unidentified, he said. Twelve of the deceased were above the age of 50, Bangar added.

medical education and research department. Its minister Hasan Mushrif has reached the hospital and he is looking into the matter," Sawant said.

Congress leader on Sunday inaugurated the power facility at Dr Ambedkar District Memorial Cancer Center in Kerala's Wayanad and said that he is happy to give Rs 50 lakh from the MP fund. «I am very happy to come here and inaugurate the power plant. I hope this electrical line will help the hospital.

It was Covid cases which brought hospital stocks in the news. Post Covid it is the corporate actions, like merger and takeover-related news is keeping them in the headlines.

DLF has entered in a partnership with Global Health Ltd that runs Medanta hospital to set up a 400-bed multi-speciality hospital in Delhi. According to the regulatory filing, the Special Purpose Vehicle has been formed to construct, equip and operate super specialty hospitals, clinics and health care centres with other related ancillary medical facilities and services with 50:50 equity shareholding of the GHL and DLF. This will be DLF’s entry in the healthcare segment and the first hospital will come in South Delhi’s Greater Kailash.

₹304 apiece whereas it listed on NSE at ₹306.10 per share levels. However, after dismal listing on Indian bourses, Yatharth Hospital shares gained momentum as it managed to attract stock market bulls who were looking for value picks.

₹304, which is just ₹4 per share higher from upper price band of Yatharth Hospital IPO price of ₹300 per equity share. Yatharth Hospital is a multi-specialty hospital chain, and the company has a strong track record of growth with a diverse range of specialties and advanced medical equipment and technology.

Yatharth Hospital IPO: Listing date for Initial Public Offering (IPO) of Yatharth Hospital and Trauma Care Services Limited has been fixed on 7th August 2023, i.e. today.

Yatharth Hospital IPO: Listing date of the initial public offering (IPO) of Yatharth Hospital and Trauma Care Services Limited has been fixed on 7th August 2023 i.e. on Monday next week.

Yatharth Hospital IPO: After finalisation of share allotment on Wednesday, investors would be busy checking Yatharth Hospital IPO allotment status. For their information, they can do it online in two ways — first by logging in at the BSE website or at the website of its official registrar Link Intime India Private Limited. However, for convenience, they can do it with more ease by logging in at the direct BSE link — bseindia.com/investors/appli_check.aspx or at direct Link Intime web portal — linkintime.co.in/mipo/ipoallotment.html.

https://linkintime.co.in/MIPO/Ipoallotment.html Visit the above link which will take you to Yatharth Hospital IPO's registrar's website i.e Link Intime India Private Ltd. Choose the IPO name as Yatharth Hospital IPO in the dropbox that will only have its name set in if the allocation is completed. Pick one of all three options to check the status: Application No, Demat Account, or PAN.

ET Intelligence Group: There has been a lot of action in the Indian healthcare sector as it emerged from the shadows of the pandemic. Improved operational performance and private equity fuelled expansion by large players have ensured that hospital chains gain on valuations.Fortis Healthcare and Healthcare Global Enterprises hit a record highs on Tuesday, Apollo Hospitals and KIMS did so last week.

Peerless Group on Monday announced ambitious plans to invest over Rs 1,000 crore in capital expenditure over the next three years, a major portion of which will be channelled into the development of hospital and real estate projects. In the financial year 2022-23, the Peerless Group reported a revenue of Rs 635 crore from operations. This notable increase of 22 per cent over the previous fiscal's revenue of Rs 520 crore has been seen as a successful outcome of the company's transformation efforts undertaken last year, the company said.

Yatharth Hospital IPO: After closure of bidding, all eyes are now set on Yatharth Hospital IPO allotment date, which is most likely on 2nd August 2023. However, after strong response by investors in all categories, those who have been allotted shares of the company are closely following unlisted stock market to get a hint of listing premium they can expect on Yatharth Hospital IPO listing date, which is most likely on 7th August 2023. For such Yatharth Hospital IPO allottees, shares of the company is available at a premium of ₹85 per equity share.

Also Read: Onest IPO: FMCG firm files draft papers with SEBI for issue If you have applied for the Yatharth Hospital IPO, you can check your Yatharth Hospital IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd. You can check the Yatharth Hospital IPO status of your application on this link - https://linkintime.co.in/MIPO/Ipoallotment.html Visit the above link which will take you to Yatharth Hospital IPO's registrar's website i.e Link Intime India Private Ltd. Choose the IPO in the dropbox that will only have its name set in if the allocation is completed.

Bhattacharya's condition improved ‘slightly’ on Sunday. Bhattacharya has been put on invasive ventilation and is being administered antibiotics, and other supportive management. The oxygen saturation of the 79-year-old Bhattacharya, who was rushed to the private hospital from his Palm Avenue residence via a green corridor on Saturday afternoon, improved slightly, but he continued to be on invasive ventilation, a senior doctor said.

Gujarat's Ahmedabad city on Sunday, following which around 125 patients were evacuated from the facility as a precautionary measure, officials said. There was so far no report of any casualty, inspector M D Champavat from Sahibaug police station said. Due to the renovation work underway at the hospital, several items stored in the basement caught fire and caused massive smoke, a fire official said.

PTI. "Fire fighting teams are working to control the blaze.

The Siasat Daily, the government revealed plans to demolish other satellite structures associated with OGH to make way for the construction of a new hospital building, spanning an area of 35.76 lakh square feet. During a meeting attended by ministers Mahmood Ali and Talsani Srinivas, Hyderabad MP Asaduddin Owaisi, along with officials from various departments such as health, GHMC, MA&UD, and R&B, as well as representatives from Osmania General Hospital, the government cited safety concerns as the primary reason for their decision.