Medanta Expands Indore Presence with Takeover of 80 Bed Cancer Hospital

Global Health Limited "Medanta", one of the largest private multispecialty tertiary care providers operating in the North and East regions of India, today announces the plan to takeover 80 bedded Cancer Hospital in Indore, Madhya Pradesh under a Business Transfer Agreement (BTA). This takeover strengthens Medanta's presence in Central India and complements its existing 175-bedded multi-specialty hospital.

Strategically located just 500 meters from the current Medanta Indore facility, the newly-built Cancer Care Hospital will enable the launch of a comprehensive oncology program, enhancing Medanta's specialty offerings in Indore. The integration is expected to drive operational synergies, optimise capacity utilisation, and improve patient flow across both facilities.

Under the Business Transfer Agreement, Asian Institute of Oncology Private Limited as the transferor, will transfer the Indore Business Undertaking (AIOPL Indore) as a going concern to Medanta, the transferee. Medanta will pay a consideration of Rs. 30 crores for the transfer of business, including the assignment of the long-term lease.

Commenting on the transaction, Mr. Pankaj Sahni, Group CEO, Medanta, said: "The takeover of the 80 bedded Cancer hospital in Indore is an extension of Medanta's existing hospital in the city. With state-of-the-art oncology infrastructure, this facility enables us to add comprehensive cancer care, a previously missing specialty while further expanding our existing range of services. The hospital complements our Indore campus, enhancing patient access and creating operational synergies across the two facilities. This integration reinforces Medanta's commitment to delivering advanced, patient-centric healthcare and strengthening our position as a leading provider of specialized high quality care in the region."

Shares of Global Health Limited was last trading in BSE at Rs. 1165.25 as compared to the previous close of Rs. 1105.85. The total number of shares traded during the day was 21958 in over 2085 trades.

The stock hit an intraday high of Rs. 1174.95 and intraday low of 1103.25. The net turnover during the day was Rs. 25095762.00.

Source : Equity Bulls

Keywords

GlobalHealth Hospital Medanta INE474Q01031 Expansion Indore 80beds CancerHosptial