Fortis Healthcare - Good Bet On Structural Long Term Growth Story Of Healthcare, Diagnostics: HDFC Securities

HDFC Securities Retail Research

Fortis Healthcare Ltd.’s business is well positioned and has demonstrated healthy operational efficiency with industry leading average revenue per occupied bed and decent capacity utilisation.

The company undertook a comprehensive strategic review and prioritised key areas to drive revenues and operational performance. It has strategic plans to strengthen its clinical specialties, medical infrastructure, manpower training and onboarding of new talent.

It aims cluster focused brownfield expansion along with turning around the lagging facilities, which are low-occupancy and earn low-Ebitda.

Fortis plans to add 1500 beds over next four years mainly in their existing clusters. Deepening presence in existing locations would help leverage higher economies of scale in terms of both cost and revenue drivers and benefiting from cross-leveraging clinical and non-clinical resources.

SRL Ltd. has been aggressively expanding its network in focused geographies. It has maintained strong position by adding advanced solutions in diagnostic testing, laboratory efficiency and clinical decision support with strong focus on Genomics.

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