Yatharth Hospitals

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Yatharth Hospital & Trauma Care Services Limited
Company type Public
Industry Healthcare
Founded2008;17 years ago (2008)
Headquarters New 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]
Website www.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]

Contents

History

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)

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

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

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

  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". 10 January 2024. 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.