Picture of Global Health logo

MEDANTA — Global Health News Story

0.000.00%
in flag iconLast trade - 00:00
HealthcareBalancedLarge CapHigh Flyer

Global Health's bed expansion plans, upgrades to boost revenue, Motilal Oswal says; shares rise

** Shares of healthcare provider Global Health GLOH.NS rise 2.6% to 1,385 rupees

** Co aims to add 1,000 beds by FY27, up from 3,042 currently, management told Motilal Oswal during a recent meeting

** GLOH's Gurugram hospital to add a fifth LINAC, four new operating theatres and two clinical teams, aiming to boost patient volumes and revenue, Motilal says

** A LINAC is a cancer treatment equipment

** Co's Gurugram facility is India's largest single-location private hospital

   ** Brokerage says co has potential to lift revenue per bed through selective price hikes, with Gurugram's upcoming insurance renewals offering room for targeted tariff revisions

** GLOH rated "buy" by 11 analysts on average; median target price is 1,480 rupees – data compiled by LSEG

** YTD, stock up ~25%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))

Recent news on Global Health

See all news