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Yatharth Hospitals

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Yatharth Hospital & Trauma Care Services Limited
Company typePublic
IndustryHealthcare
Founded2008; 17 years ago (2008)
HeadquartersNew Delhi, India
Number of locations
Seven
Area served
India
Key people
Dr. Ajay Kumar Tyagi (Chairman)

Dr. Kapil Kumar (Managing Director)

Mr. Yatharth Tyagi (Director).[1]
Websitewww.yatharthhospitals.com

Yatharth Hospital & Trauma Care Services Ltd is an Indian for-profit private hospital chain of North India.[2][3] It operates 7 hospitals with more than 2300 beds in three states of India.[4][5] It was founded by Dr. Ajay Kumar Tyagi and Dr. Kapil Kumar in 2008.[6][7][8]All of its hospitals are accredited by NABH. Its facility in Greater Noida West is the first and only hospital in Uttar Pradesh to be accredited by Joint Commission International.[9][10]

History

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Yatharth Hospitals commenced its operations in 2008.[11] In 2013, Yatharth Hospital established its second hospital, a 250 bedded hospital, in Noida,[12] followed by its third hospital in 2019 in Noida Extension.[citation needed]

In 2024, the company acquired Faridabad based 175 bedded multispecialty Asian Fidelis Hospital for Rs 116 crore,[13][14] and expanded it to 200 beds. It was officially launched in May 2024. The company also announced acquisition of a super-specialty hospital in Delhi[15] previously known as MD City Hospital – for a cost of approximately Rs 160 crore. It also announced that it has entered into a strategic collaboration agreement for the acquisition of a 60% stake in a 400 bedded hospital in Faridabad, Haryana.[16]

Yatharth Hospital & Trauma Care Services Ltd was listed on the stock exchanges in August 2023.[17][18]

In December 2024, Yatharth Hospital & Trauma Care Services Ltd raised ₹625 crore through Qualified Institutional Placement.[19][20]

Branches (Network)

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The group has five operational hospitals[21] in North India in three states of Uttar Pradesh, Haryana and Madhya Pradesh, with two new acquisitions in New Delhi[22] and Haryana,[23] making it a total bed capacity of 2305.

Education Program

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Yatharth Super Speciality Hospitals in Noida Extension and Greater Noida,[24] India offers DNB (Diplomate of National Board) programs in several medical specialties, including General Medicine, Orthopaedics, General Surgery, Radio Diagnosis, Paediatrics, Emergency Medicine, Obstetrics & Gynaecology, and Anesthesiology.[citation needed]

Controversies

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In 2017, the family of a three-year-old child lodged an FIR against five doctors of Yatharth Super Speciality Hospital Greater Noida and Jaypee hospital (Now Max Super Speciality Hospital, Noida)for medical negligence.[25]

National Organ & Tissue Transplant Organization (NOTTO), has sought a report from the Uttar Pradesh government after an illegal organ transplant racket was unearthed at Indraprastha Apollo Hospital in southeast Delhi with links to Yatharth Hospital in Noida.[26][27] In 2023, the Income Tax department authorities carried out searches at 15 locations in Delhi-NCR and Uttar Pradesh on the premises linked to Yatharth Hospital and its promoters and directors.[28][29]

References

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  1. ^ "Our Management - Yatharth Hospitals Group". Retrieved 29 January 2025.
  2. ^ "Yatharth Hospitals announce new acquisition, to expand footprint in Delhi". The Hindu Business Line. 30 October 2024.
  3. ^ "Presentation of Earnings Update" (PDF). Yatharth Hospital & Trauma Care Services Ltd. 23 May 2024.
  4. ^ "Earnings Presentation" (PDF). Yatharth Hospital & Trauma Care Services Ltd. 7 November 2024.
  5. ^ Law, Abhishek (17 February 2024). "Yatharth Hospitals to double bed count in three years, targeting more acquisitions". BusinessLine. Retrieved 9 December 2024.
  6. ^ "History of Yatharth Hospital & Trauma Care Services Ltd., Company". Goodreturn. Retrieved 29 January 2025.
  7. ^ "Yatharth Hospital Expands Presence in North India with Second Acquisition of 2024 - Elets eHealth". eHealth Magazine. 5 November 2024. Retrieved 29 January 2025.
  8. ^ hospital, Yatharth. "Yatharth hospital". www.yatharthhospitals.com. Retrieved 29 January 2025.
  9. ^ "Yatharth Hospital achieves historic milestone as Uttar Pradesh's first JCI-accredited hospital". Business Upturn. 23 December 2024. Retrieved 29 January 2025.
  10. ^ "Yatharth Hospital becomes Uttar Pradesh's First JCI-Accredited Hospital". EquityBulls. 23 December 2024. Retrieved 29 January 2025.
  11. ^ "Annual Report 2023-24" (PDF). Yatharth Hospital & Trauma Care Services Ltd. Retrieved 9 December 2024.
  12. ^ "Yatharth Hospital & Trauma Care Services Ltd. company information, history, management and director details and CEO salary". Trendlyne.com. Retrieved 9 December 2024.
  13. ^ "Yatharth Hospital shares hit record high on robust Q3, acquisition of Fidelis Hospital". www.fortuneindia.com. 12 February 2024. Retrieved 9 December 2024.
  14. ^ "Yatharth Hospital acquires Faridabad-based Asian Fidelis for Rs 116 crore". Business Standard. Retrieved 9 December 2014.
  15. ^ "Yatharth Hospitals Acquires Super Specialty Hospital In Delhi". BW Health. Retrieved 9 December 2024.
  16. ^ Ghosh, Anupama (31 October 2024). "Yatharth Hospitals expands Delhi-NCR presence with two strategic acquisitions". BusinessLine. Retrieved 9 December 2024.
  17. ^ "Yatharth Hospital & Trauma Care Services Listing Information". The Economic Times. Retrieved 9 December 2024.
  18. ^ "Yatharth Hospital IPO opens today: 10 things to know before you buy it". Moneycontrol. Archived from the original on 31 July 2023. Retrieved 29 January 2025.
  19. ^ "Yatharth Hospitals sells shares to Citigroup, Societe Generale, raising ₹625 crore - CNBC TV18". CNBCTV18. 24 December 2024. Retrieved 29 January 2025.
  20. ^ "Yatharth Hospitals Raises ₹625 Crore via QIP at ₹595 per Share | India Infoline". www.indiainfoline.com. Retrieved 29 January 2025.
  21. ^ BSE India (27 January 2025). "Announcement under Regulation 30 (LODR)-Investor Presentation" (PDF). Retrieved 27 January 2025.
  22. ^ "Yatharth Hospital Expands Presence in North India with Second Acquisition of 2024 - Elets eHealth". eHealth Magazine. 5 November 2024. Retrieved 9 December 2024.
  23. ^ "Yatharth Hospital to acquire 60% stake in Faridabad-based facility". The Economic Times. 30 October 2024. ISSN 0013-0389. Retrieved 9 December 2024.
  24. ^ "DNB Program". Retrieved 5 February 2025.
  25. ^ "Medical negligence: Family moves court against seeking FIRs against five doctors". The Times of India. 12 December 2017. ISSN 0971-8257. Retrieved 29 January 2025.
  26. ^ "Centre's nodal organ transplant agency seeks report on Apollo-Yatharth hospital kidney racket from UP government". Live Mint. 10 July 2024. Retrieved 29 January 2025.
  27. ^ "Kidney transplant racket: Delhi Police collects documents from Noida CMO's office". Hindustan Times. 11 July 2024. Archived from the original on 8 September 2024. Retrieved 29 January 2025.
  28. ^ "I-T searches 15 locations linked to Yatharth Hospital in Delhi-NCR, UP". Moneylife NEWS & VIEWS. Retrieved 29 January 2025.
  29. ^ "I-T department raids Yatharth hospital group premises, offices in Noida, Delhi". Zee Business. 19 October 2023. Retrieved 29 January 2025.
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