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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
After successfully tapping smaller cities, the cardiac surgeon-helmed hospital chain is looking to expand its NCR footprint. Can it bypass the competition?
Last December, Dr Naresh Trehan made headlines when he figured on the list of Indian billionaires. Three months on, his net worth hit $1.6 billion, making him the country’s wealthiest practising doctor. Much of that wealth derives from his stake in Global Health Ltd, or Medanta as it is commonly known.
Medanta set up The Medicity, India’s first large-scale, super-speciality, single-location private hospital at Gurugram, which remains the flagship. As its founder, chairman, managing director and chief cardiac surgeon, Trehan remains the driving force behind a corporate hospital chain that opted not to take the conventional path to growth. …
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.
On the surface, Narayana Health’s latest acquisition holds promise. But a closer look suggests that the UK’s Practice Plus Group will need a bit of a turnaround before it can start yielding results.
