Research Store

Research Store

Research Store
add to cart Register yourself and then log-in with your user ID and password, before clicking on 'Add to Cart'
    
Issue Date:26 June 2017     Price in Rs. R 6500    Price in USD. $ 100
    

The CARE Hospitals Group, owned and managed by Quality CARE India Ltd, is a multispecialty healthcare provider, with 14 hospitals across nine cities in India with 2,400 beds under management. CARE has a presence in Hyderabad, Secunderabad, Visakhapatanam, Raipur, Pune, Nagpur, Bhubaneswar, Jabalpur and Surat.

Founded in 1997 by Dr B. Soma Raju (Chairman) and a team of cardiologists, CARE Hospitals also runs a network of telemedicine hubs in rural Andhra Pradesh and Maharashtra. Other than Dr. Raju, core team of CARE consists of Dr. N. Krishna Reddy (Vice-Chairman) and Dr. Mudit Saxena (Group CEO)

The regional leader in tertiary care in South/Central India and among the top 5 pan-Indian hospital chains, CARE Hospitals delivers comprehensive care in more than 30 specialties in tertiary care settings.

The CARE Hospitals’ founders developed Asia’s first indigenous coronary stent — the ‘Kalam-Raju stent,’ named after Dr APJ Abdul Kalam, former President of India, and Dr B Soma Raju, Chairman and Managing Director. This is just one of the many innovations developed at CARE Hospitals, which strives to make healthcare affordable for all, while ensuring clinical outcomes at par with international standards.

Milestones
The CARE team has many firsts to its credit:

  • 1st Prospective randomised trial of balloon valvotomy vs mitral valve replacement in the world
  • 1st Coronary Angioplasty in India
  • 2nd Balloon Valvuloplasty in India
  • 1st Cardiac MRI in India
  • 1st Atrial Fibrillation Clinic in India
  • 1st Beating Heart Surgery in Andhra Pradesh
  • 1st Heart Transplant Performed in a tier-2 town (Visakhapatnam)

Cities
Hyderabad, Secundrabad, Vishakhapatnam, Bhuvneshwar, Nagpur, Raipur, Pune

Owned by a PE Fund
Advent International holds 72% stake in CARE. Advent bought a controlling stake in CARE Hospital for $105 million from investors including Rakesh Jhunjhunwala, Nimmagadda Prasad (founder of Matrix Labs) and the UK-based Ashmore in 2012. The rest was held by some of the doctors at CARE Hospital.

Advent is now keen to exit. Sometime back there were conversations going on with TPG-Temasek and Abraaj. While Advent was keen for for Rs.1,800 crore for its stake, Abraaj and TPG-Temasek offered around Rs.1,600 crore. Advent is looking for an enterprise value of Rs.2,500 crore ($380-400 million).

Financials
In the FY2016, it clocked the total revenue of nearly Rs. 476 crore with operating profit amounting to nearly Rs. 37 crore. Other income was Rs. 4 crore. With Interest and Depreciation at Rs. 13 crore and Rs. 22 crore respectively, PBT was Rs. -24 crore. PAT was around Rs. -16 crore. Total debt in FY16 stood at little over Rs. 168 crore.

  1. Company Background
  2. Business Highlights
  3. Financial Performance
  4. Financial Details

 

  1. Board of Directors
  2. Financial Summary
  3. Profit & Loss Account
  4. Balance Sheet
  5. Ratios

 

Quality Care India Ltd.