Latest Healthcare Global Enterprises News
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Business Line
Healthcare Global Enterprises’ Q1 PAT up 59%
Strong results from its established centres and recent acquisition of a hospital in Vizag catalysed the rise
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Fri, Aug 9, 2024
Business Standard
HCG Q1 results: Consolidated net profit rises 58.7% to Rs 12.08 crore
HCG witnessed an Ebitda (earnings before interest, taxes, depreciation, and amortisation) of Rs 90.9 crore, compared to Rs 74.3 crore. The Ebitda margin stood at 17.3 per cent
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Fri, Aug 9, 2024
Business Standard
HealthCare Global Enterprises acquires Andhra-based MGCHRI for Rs 414 cr
This move positions HCG as a leader in a highly attractive micro-market, benefiting from a high-quality primary catchment area and substantial secondary catchment from neighboring states
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Sat, Jun 29, 2024
Business Line
HCG acquires MGCHRI for ₹414 crore
HCG will additionally be acquiring an 34 per cent stake over the next 18 months, completing the acquisition
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Fri, Jun 28, 2024
The Economic Times
HCG acquires Vizag based cancer hospital for enterprise valuation of Rs 414 crore
HCG, India's leading cancer care chain, acquired a majority stake in Visakhapatnam's Mahatma Gandhi Cancer Hospital for Rs 414 crore. The deal begins with a 51% ownership, aiming to complete 85% in 18 months. The hospital's FY24 revenue was Rs 120.2 crore with an EBITDA of Rs 42.2 crore, expected to boost HCG's annual EBITDA by Rs 3 per share and consolidate its position in the Vizag region.
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Fri, Jun 28, 2024