Yatharth Hospitals has emerged as the successful bidder in the acquisition of a well-established super specialty hospital located in Model Town, New Delhi. The acquisition, carried out under the SARFAESI Act 2002 through an e-auction, marks a significant milestone for Yatharth Hospitals, as it strengthens the group’s foothold in the healthcare sector of Northern India.
The hospital, strategically situated in Model Town, boasts an expandable capacity of over 300 beds and offers a wide range of high super specialty services. With a large catchment area that includes both residential and institutional clientele, the facility is expected to enhance the hospital’s capacity to serve a diverse and growing patient base in Delhi. This move will further consolidate Yatharth Hospitals' position as a leading healthcare provider in the region, adding to its already strong presence in Northern India.
Commenting on the acquisition, Yatharth Tyagi, Whole Time Director of Yatharth Hospitals, said, “We are pleased to announce our entry into the Delhi market, which will further consolidate Yatharth Hospitals' position as a leading private healthcare provider in North India. This acquisition enhances our capacity to deliver quality healthcare services in the region and is in line with our unwavering commitment to growth through strategic expansion, both organic and inorganic."
The acquisition is a testament to Yatharth Hospitals' expertise in not only developing new healthcare facilities but also successfully turning around existing operations. Tyagi further emphasised the importance of this development, noting that it reflects the company's continued focus on providing high-quality healthcare services while expanding its geographical footprint.
By acquiring this super specialty hospital, Yatharth Hospitals aims to strengthen its operational base and reach new patients in the attractive Delhi market. The move aligns with the company’s broader growth strategy, which includes both the development of new facilities and the revitalisation of existing ones. This acquisition reinforces Yatharth Hospitals’ positioning as a premier healthcare provider, offering comprehensive care across various specialties, and highlights its commitment to delivering exceptional medical services in the region.