Medanta looks to launch IPO; talks with five investment bankers on

Global Health Private Ltd, which operates and manages hospitals across India under the Medanta brand, is planning to launch an initial public offering (IPO) soon.

The company is in the last stage of appointing five investment bankers, including JM Financial and Kotak Securities.

An email to Dr Naresh Trehan, Chairman and Managing Director of Global Health, didn't elicit a response till the time of publishing this report. Dr Trehan, one of the leading cardiac surgeons in the country, founded Medanta in 2004.

The flagship hospital of Medanta, The Medicity, Gurugram, has over 1,300 beds, including 246 critical care beds, making it India's largest single-location hospital in the private sector. The hospital chain has a total operational capacity of about 2,000 beds.

It has four Medanta multi-super speciality hospitals in Gurugram, Lucknow, Indore, and Ranchi, with outpatient services in Patna, which started in 2020. It also has three clinics at Delhi Airport, South Delhi, and DLF Cybercity.