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Medanta
Global Health Limited, d/b/a Medanta, is an Indian for-profit private hospital network based in Gurgaon. The chain was started in 2009 by cardiac surgeon Naresh Trehan and Sunil Sachdeva.
In 2004, cardiac surgeon Naresh Trehan began working on Medanta, along with Sunil Sachdeva, after leaving Escorts Heart Institute. In June 2006, Avenue Capital Group invested ₹224 crore (US$49.44 million) in the venture.
In 2009, Medanta launched its first hospital, Medanta - The Medicity in Gurgaon, a 1250-bed super-specialty hospital spread over 43 acres which was built at a cost of about ₹1,200 crore (US$247.91 million).
In 2013, private equity firm Carlyle Group acquired Avenue Capital Group's 27% stake in Medanta for ₹960 crore (US$163.83 million), valuing the company at ₹3,550 crore (US$605.82 million). In 2015, Singapore-based Temasek Holdings purchased Punj Lloyd's 17.74% stake in the company.
In 2015, Medanta launched a 160-bed hospital in Indore. Later that year, Medanta acquired the Abdur Razzaque Ansari Memorial Weavers' Hospital on the outskirts of Ranchi from Apollo Hospitals.
In 2018, Medanta opened a 200-bed hospital in Sri Ganganagar. In 2019, Medanta began operations of a 1000-bed, multi-specialty hospital in Lucknow called Medanta Avadh, which was constructed at a cost of ₹1,000 crore (US$155.88 million). In 2019, it was reported that Manipal Hospitals had agreed to acquire Medanta for ₹5,800 crore (US$823.63 million). However, the deal was called off later that year.
In 2021, Medanta inaugurated the 500-bed Jay Prabha Medanta Super Specialty Hospital in Patna. In November 2022, Medanta launched its initial public offering.
Medanta Group has following hospitals :
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Medanta
Global Health Limited, d/b/a Medanta, is an Indian for-profit private hospital network based in Gurgaon. The chain was started in 2009 by cardiac surgeon Naresh Trehan and Sunil Sachdeva.
In 2004, cardiac surgeon Naresh Trehan began working on Medanta, along with Sunil Sachdeva, after leaving Escorts Heart Institute. In June 2006, Avenue Capital Group invested ₹224 crore (US$49.44 million) in the venture.
In 2009, Medanta launched its first hospital, Medanta - The Medicity in Gurgaon, a 1250-bed super-specialty hospital spread over 43 acres which was built at a cost of about ₹1,200 crore (US$247.91 million).
In 2013, private equity firm Carlyle Group acquired Avenue Capital Group's 27% stake in Medanta for ₹960 crore (US$163.83 million), valuing the company at ₹3,550 crore (US$605.82 million). In 2015, Singapore-based Temasek Holdings purchased Punj Lloyd's 17.74% stake in the company.
In 2015, Medanta launched a 160-bed hospital in Indore. Later that year, Medanta acquired the Abdur Razzaque Ansari Memorial Weavers' Hospital on the outskirts of Ranchi from Apollo Hospitals.
In 2018, Medanta opened a 200-bed hospital in Sri Ganganagar. In 2019, Medanta began operations of a 1000-bed, multi-specialty hospital in Lucknow called Medanta Avadh, which was constructed at a cost of ₹1,000 crore (US$155.88 million). In 2019, it was reported that Manipal Hospitals had agreed to acquire Medanta for ₹5,800 crore (US$823.63 million). However, the deal was called off later that year.
In 2021, Medanta inaugurated the 500-bed Jay Prabha Medanta Super Specialty Hospital in Patna. In November 2022, Medanta launched its initial public offering.
Medanta Group has following hospitals :