HealthCare Global Enterprises Management Meet Update - Well Poised To Grow: ICICI Securities
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ICICI Securities Report
We met HealthCare Global Enterprises Ltd.’s management to understand the company’s strategy, future prospects and industry drivers. Management meet highlights:
According to management, oncology will remain a key focus area for the company.
Role of top management is focusing on improving performance and efficiency.
Management expects healthy performance excluding Covid-19 business to continue with recovering demand.
Excluding Kolkata, all other centers have achieved breakeven and are improving profitability further.
Healthcare Global Enterprises monitors more than 180 indicators on a monthly basis to track the performance of each center.
Growth over the next three to five years is expected to remain strong; average margins of existing centers would gradually move towards ~25% as they mature.
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