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The hospital chain’s unique business model has made it the toast of the markets. Its prudence-first strategy now faces the tests of expansion and competition.

A public listing will help clean up the hospital chain’s balance sheet after the costly Sahyadri acquisition. But depressed metrics, integration risks and lofty valuations make this far from a clean turnaround story.
Healthcare is one of the fastest growing sectors. For young professionals, the sector offers a spectrum of opportunities beyond medicine, spanning hospital operations, data analytics, corporate strategy, and digital health.
The framework reads less like an agreement between partners and more like a probation order written by the stronger side.