Investors see growth in single-specialty hospitals
NEW DELHI: With traditional multi-specialty hospital chains nearing deal saturation, investors are increasingly shifting their focus on single-specialty hospitals (SSHs), which are fast emerging as the next growth frontier in India's healthcare landscape.
Offering focused care, operational efficiency and faster scalability, SSHs have become particularly attractive to private equity (PE) firms, analysts told TOI. This shift is reflected in deal activity: SSHs now account for over half of all hospital transactions by volume, supported by $2.3 billion in PE investments over the past three years, according to data from Grant Thornton Bharat.
Over the past decade, deal volumes in India's single-specialty hospital segment remained steady, peaking in 2023.
The year 2023 saw the highest deal value of $1.2 billion, largely driven by landmark transactions such as BPEA EQT's investment in Indira IVF and Quadria's strategic investments in Maxivision and NephroPlus.
Next growth frontier
Sunil Thakur, partner at Quadria Capital, says, "Projected to more than double to $9 billion by 2028, organised single-specialty networks offer compelling economics, (>20% earnings before interest, taxes, depreciation, and amortisation, 20-25% return on capital employed) powered by deep specialisation and rapid access expansion.
The momentum is evident from the fact that over $3.5 billion of PE capital has flowed into the segment in recent years.
"
The segment is growing at a robust 24% annually - outpacing the 15-17% growth seen in multi-specialty counterparts -indicating strong investor confidence. Key specialties driving this growth include, in vitro fertilisation (IVF), women's and child care, eye care, nephrology, and oncology - each witnessing substantial deal activity.
"Investor interest in the segment has remained consistent, though we are yet to see a large-value deal in 2025. Strong fundamentals, including healthy margins, better unit economics, scalability, asset-light models, and quicker break-even cycles, continue to attract both strategic and financial investors. As healthcare delivery expands beyond metro cities, single-specialty formats are increasingly seen as effective platforms for regional growth," says Bhanu Prakash Kalmath SJ, Partner and Healthcare Leader, Grant Thornton Bharat.
Valued at approximately $15 billion, the SSH market includes an organised segment worth around $4 billion, which continues to gain scale through consolidation and network expansion. The focus on single-specialty hospitals is a global phenomenon, reflecting a broader shift towards specialised, efficient healthcare delivery, experts say.
Vishal Bali, executive chairman Asia Healthcare Holdings, a platform focused on single-specialty hospitals, backed by TPG and Singapore-based GIC, says: "We strongly believe that one of the key prescriptions to bridge India's demand-supply gap in healthcare delivery sits with SSH enterprises."
Stay informed with the latest
business
news, updates on
bank holidays
,
public holidays
, current
gold rate
and
silver price
.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
an hour ago
- News18
‘India Was Supposed To Feel Cheap': Dubai Vlogger Shocked To See ‘Rs 1,000 Ki Chai'
A Dubai-based NRI's viral rant highlights how expensive India feels today, even for those earning in dirhams and dollars. A Dubai-based Indian travel vlogger and radio presenter has gone viral after sharing his frustration over how expensive India feels today. Parikshit Balochi, who earns in dirhams, admitted he always expected to feel richer whenever he visited his home country. Instead, he confessed that the reality has been the opposite. 'I am an NRI, I was not supposed to feel gareeb (poor) in India," he joked in an Instagram video that has already crossed over 5 lakh views. To explain his shock, he shared a simple example: a cup of tea at his Mumbai hotel cost him Rs 1,000. 'Rs 1,000 is what we used to put on the stock market when I left India. What is happening?" he asked, leaving viewers both amused and sympathetic. From dirhams to rupees For decades, many NRIs enjoyed visiting India because their earnings in dirhams, dollars, or euros converted into a strong advantage against the rupee. Everything from food to shopping felt affordable, making trips home a chance to indulge. But Balochi said that feeling no longer exists. 'Doston, we had a deal. The deal was I come to India, everything feels cheap. Main paisa udaaun because main dirhams aur dollars mein kama raha hun (I spend lavishly because I earn in dirhams and dollars)," he explained. Shocked by the shift, he added: 'Dirhams ko rupees mein convert karke kaise shock lag sakta hai yar? It was supposed to be the other way around." For reference, one UAE dirham is worth around Rs 23.83. High prices at home Balochi's rant struck a chord because of how relatable it felt. Mixing humour with his frustration, he quipped: 'I hadn't left India so I could come back and sort prices from low to high. I was supposed to come here and flex. Instead, I have spent so much that I'm looking for a flexible payment plan." Laughing at his situation, he added: 'Yahan pe logon se puch raha hun, kitna paisa hai bhai tumhare paas (I'm asking people here how much money they have)." His video has since been widely shared, sparking discussions about India's soaring cost of living. The comments under his post were filled with agreement from fellow NRIs who admitted they felt the same way. A user wrote, 'Finally someone said it. Prices are skyrocketing in India, that too with dropping quality." Another added, 'I feel this every time I visit India. Sure, I earn in dollars and can afford it, but what amazes me is how locals manage without dollar salaries." An individual summed it up perfectly: 'I was thinking am I the only one who feels gareeb after coming to India." The viral rant has opened up a larger conversation on how India's rising prices are being felt by both NRIs and locals alike. About the Author Buzz Staff A team of writers at bring you stories on what's creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture. view comments First Published: August 16, 2025, 11:55 IST News viral 'India Was Supposed To Feel Cheap': Dubai Vlogger Shocked To See 'Rs 1,000 Ki Chai' Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
an hour ago
- Time of India
Inconclusive Trump-Putin talks leaves India in limbo
TOI Correspondent from Washington: The Alaska meeting between Donald Trump and Vladimir Putin ended inconclusively on Friday, with the Russian leader claiming there was an agreement and the US President saying there is "no deal until there is a deal. Tired of too many ads? go ad free now " After almost three hours of talks, the US President maintained the meeting was a 10/10 and the exchanges were "productive" but offered no details while saying he would relay the unspecified outcome to European leaders and Ukraine's President Voldymir Zelenskyy, who have demanded Russia agree to a ceasefire and rejected any territorial concessions. In a 12-minute presser that ended with their remarks and no questions taken, Putin did not mention the word ceasefire while implicitly laying out Russia's case for holding on to territory it has captured. Unusually, Trump allowed the visiting leader to make the first remarks. Speaking in Russian, Putin said the root cause of Moscow's concerns -- which includes NATO's expansionism -- needed to be eliminated before a peace deal could be reached. The normally voluble Trump, who's big on airtime and always ready to engage with reporters, ended the presser without taking questions after saying they had made "great progress" -- without elaborating. Putin said they had made "nascent progress." The lack of clarity, much less a ceasefire or a conclusive agreement, left India in limbo on the secondary tariff issue, Trump having announced a 25 per cent penalty on New Delhi from August 27 for buying Russian oil in an effort to force Moscow into talks. He told Fox News in an interview later that "because of what happened today (a productive 10/10 meeting, according to him)...I Tired of too many ads? go ad free now don't have to think about that (secondary sanctions) right now. I may have to think about it in 2-3 right now." In a separate interview the same channel, he called India an "oil client" of Russia and said "secondary sanctions or tariffs" would be devastating. "If I have to I be I won't have to," he added, leaving New Delhi in suspense. Absent a formal agreement, statements or read-outs, analysts unpacked everything from choreography of the arrival to body language at the meeting to read the tea leaves, with the broad consensus being Putin conceded nothing while overcoming his pariah status with a meeting on American territory. Some critics described Trump's effort as "low energy" recalling his warning that he would walk out if the talks if Putin was not conciliatory and his claim that he would know within two minutes of meeting if the Russian leader was ready to make a deal. But after more than two hours of talks, Putin appeared to have engaged the realtor-turned-President as salesman or messenger for relaying his terms to EU leaders and Zelenskyy, while tacitly making his way back to the global mainstream. Trump repeatedly referred to Putin as "Vladimir" and exuded friendly vibes -- even deference -- towards the Russian leader, in contrast to the intimidation he subjects many other leaders to. Putin too endorsed the US President's claim that there would have been no war if he (Trump) had won a second term in 2020. When Trump suggested that they will probably be seeing each other again very soon, the Russian leader quickly interjected with "Next time in Moscow." Trump: "I'll get a little heat on that one... but I could see it possibly happening." Earlier, Trump warmly welcomed Putin at the Elmendorf Air Force Base, clapping as the Russia leader alighted from his plane and walked a red carpet that looked as if it had been retrieved from a thrift store and rolled out. Putin, who has a black belt in judo, held firm as Trump, who towered several inches above him, rolled out his "yank shake." It was the Russian leader's first formal visit to the U.S since 2007 -- not counting a trip to the United Nations in 2015 -- and it effectively ended his isolation in the west. Putin has visited India half dozen times in the same period, including as state guest for India's Republic Day in 2007, and three visits tied to the annual Russia-India summit. While MAGA partisans saw Trump's glad-handling, a flypast by a B-2 stealth bomber flanked by four F-35s, and a line-up of F-22 Raptors on the tarmac as "power moves" and "epic flex" by the US President, others saw it as a sign of respect for the visiting dignitary. Both leaders looked up to the sky to see the timed fly-past with Trump trying to something to Putin over the roar of the jets before they took the Presidential limousine nicknamed the "Beast" for talks that extended longer than anticipated given lack of clear outcome.
Time of India
2 hours ago
- Time of India
US-based NRI techie shares how he landed a 6-figure salary job with help of AI:'Created multiple customised CVs'
While many would turn up their noses at the thought of using ChatGPT to refine your resume, an Indian-origin techie utilised the power of AI to land a six-figure job. In an interview with Business Insider , Malhar Shah, a US-based tech professional, revealed how he accomplished this feat. The techie, seeking senior engineering positions at a time when opportunities were scarce and competition was fierce. With applicant tracking systems (ATS) discarding the majority of résumés before recruiters ever saw them, Shah understood that he needed an edge to stand out from hundreds of other applicants. To gain that advantage, he turned to two of today's most advanced AI assistants—ChatGPT and Google's Gemini. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency Crafting Multiple Tailored Résumés Instead of simply producing one document and submitting it everywhere, Shah adopted a more deliberate strategy. He developed four distinct, customised résumés, each designed for specific roles he was pursuing: technical lead, staff engineer, engineering manager, and principal engineer. Every version went through several iterations, with ChatGPT and Gemini providing feedback. Interestingly, the evaluations were not always consistent. On one occasion, ChatGPT scored a résumé nine out of ten, while Gemini rated the same draft only seven. At times, even the same platform would assign different scores based on how the prompt was framed. As he explained to Business Insider, these ratings were not final judgments but rather conversational benchmarks that guided him toward clearer, stronger applications. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Using AI as a Reviewer, Not a Replacement Shah emphasized that he never used AI to fabricate content or produce an entirely artificial résumé. Instead, the platforms acted like an additional reviewer, offering suggestions on language, structure, and emphasis. Feedback helped him refine phrasing, highlight leadership achievements, and integrate keywords that ensured ATS systems did not overlook his application. The tools also assisted him in reformatting sections and sharpening the narrative of his professional journey. Rather than chasing a mythical 'perfect résumé,' Shah prioritized accuracy and authenticity, shaping existing material with greater clarity. Balancing Technology With Human Wisdom Although AI proved critical to his process, Shah credits human advice for keeping him grounded. A former colleague advised him not to let job hunting dominate his life. Following that counsel, Shah limited his application efforts to no more than two hours each day, dedicating additional time to continuous learning and family life. This balance, he told Business Insider, helped him remain productive and avoid exhaustion during the lengthy search. Beyond Résumés: Expanding AI's Role Shah also extended his use of AI into other aspects of the hiring process. He asked the tools to help him draft more persuasive cover letters and to simulate mock interviews. Both behavioral and technical interview sessions were rehearsed with AI, allowing him to polish his delivery and anticipate questions. The rapid cycles of practice and instant feedback gave him an edge that traditional preparation methods rarely provide.
