The hospital sector in India is poised for significant growth, driven by rising healthcare demand, improving infrastructure, and government initiatives like Ayushman Bharat. The sector is expanding due to factors such as increasing health awareness, an aging population, and the rise of lifestyle diseases. India’s private healthcare market is expected to grow at a compound annual growth rate (CAGR) of over 20% in the coming years, with a focus on specialized healthcare services, telemedicine, and healthcare innovations.
Top players like Fortis Healthcare, Apollo Hospitals, Max Healthcare, and Narayana Health dominate the sector. The future scope includes expanding rural healthcare access, enhancing medical tourism, and adopting AI-driven healthcare solutions. With increasing investments and technological advancements, the hospital sector is positioned for continued growth and transformation.
Share Price
The shares of Sangani Hospitals are currently trading at Rs. 77 up by 2.74% from its previous close of Rs. 74.95 as of December 17, 2024. The stock also touched an intraday high of Rs. 77.95.
Recent Update
Agreement with Dr. Bhanuben Nanavati Hospital
Sangani Hospitals Limited has recently executed a Memorandum of Understanding (MOU) with Dr. Bhanuben Nanavati Hospital – Chorvad. The agreement, signed on December 16, 2024, aims to manage and operate the hospital under Sangani Hospitals’ expertise. This collaboration is set for 10 years, with a lock-in period of 5 years, ensuring stability and long-term management of the hospital.
Details of the Agreement
The agreement does not involve any issuance or transfer of shares between the parties. Furthermore, it will not impact the management or control of Sangani Hospitals Limited. The MOU is a strategic move to expand its healthcare operations and provide enhanced services in the region. The hospital will be managed efficiently, leveraging the company’s resources and expertise in healthcare operations.
About the Company
Incorporated in 2021, Sangani Hospitals Limited (SHL) is a healthcare company engaged in the operation of hospitals, pathology laboratories, and pharmacy stores. The company runs two hospitals—Sangani Hospital in Keshod, Gujarat, and Sangani Super Speciality Hospital in Veraval, Gujarat.
SHL also operates two pathology laboratories and two medical stores, providing comprehensive healthcare services to the local population. With a focus on quality healthcare, SHL is expanding its footprint in Gujarat, offering essential medical services across multiple specialties, and improving access to healthcare through its integrated facilities.
Written By: Dipangshu Kundu
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