Medanta to Invest ₹1,200 Crore in Mumbai Super Specialty Hospital
Medanta is making its entry into the Mumbai market with a ₹1,200 crore investment to establish a 500-bed super specialty hospital. The facility aims to offer advanced treatment options and is expected to be completed within 3-4 years.
Global Health, the operator of the Medanta hospital chain, is planning to expand into the Mumbai market with a proposed super specialty hospital that will feature over 500 beds. The project, with an investment of ₹1,200 crore, will be funded equally by debt and internal accruals.
Key Points:
- Strategic Expansion: Medanta has been eyeing the Mumbai market for several years and secured a suitable land parcel through a public auction conducted by the government.
- Project Timeline: Once customary and regulatory approvals are obtained, the project is expected to be completed within 3-4 years.
- Hospital Scale: Upon completion, this facility will be the second-largest private hospital in Mumbai, following the 750-bed Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute.
- Existing Presence: Medanta operates large-format hospitals across India, including its flagship 1,140-bed facility in Gurugram and a 699-bed hospital in Lucknow, with plans for further expansion.
- Financial Performance: Medanta reported a net profit of ₹106.3 crore for Q1FY25, driven by higher patient volumes and improved bed occupancy rates.
The new Mumbai hospital will further strengthen Medanta’s presence in India, offering state-of-the-art healthcare services to residents of Mumbai and surrounding regions. The company continues to pursue strategic expansions to enhance its service offerings across the country.