Latest news with #AshutoshRaghuvanshi
Business Standard
19 hours ago
- Business
- Business Standard
Fortis Healthcare partners with Ekana Group to manage 550-bed super specialty hospital in Lucknow
Fortis Healthcare informed that it has signed a collaboration agreement with the Ekana Group for operations and management of a 550-bed greenfield super specialty hospital in Lucknow. The upcoming hospital will be constructed by the Ekana Group near Gomti Nagar in the state capital of Uttar Pradesh. Under the agreement, Fortis Healthcare will oversee operations and management once the facility is ready. The planned hospital is expected to function as a Centre of Excellence for tertiary care services, offering advanced medical infrastructure and global best practices to patients in Lucknow and beyond. Dr Ashutosh Raghuvanshi, MD & CEO, Fortis Healthcare said, "We are delighted to partner with Ekana Group to bring a state-of-the-art tertiary healthcare facility to the heart of Lucknow. Once operational, this new 550-bed super-specialty hospital near Gomti Nagar will significantly enhance access to advanced medical care for the city and its surrounding regions. This collaboration marks Fortis Healthcares third major presence in Uttar Pradesh, joining our network hospitals in Noida and Greater Noida, and underscores our steadfast commitment to expanding high-quality healthcare across the state. Uday Sinha, Promoter of Ekana Group, said, We are happy to join hands with one of the leading healthcare chains in India - Fortis Healthcare to develop a leading-edge tertiary care hospital, one that will significantly enhance access to advanced medical services and deliver patient care where its most needed. Fortis Healthcare is a leading integrated healthcare delivery service provider in India. Its verticals include hospitals, diagnostics, and day care specialty facilities. As of now, the company operates 33 healthcare facilities (including JVs and O&M facilities) across 11 states, with a network of over 5,700 operational beds and 400 diagnostics labs. The company reported a 56.83% surge in consolidated net profit to Rs 260.28 crore in Q1 FY26, compared to Rs 165.96 crore in Q1 FY25. Revenue from operations rose 16.55% year-on-year (YoY) to Rs 2,166.72 crore in the quarter ended 30 June 2025. Shares of Fortis Healthcare shed 1.03% to Rs 953.65 on the BSE.
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Business Standard
a day ago
- Business
- Business Standard
Fortis expands UP footprint, signs O&M deal for 550-bed hospital in Lucknow
In a bid to expand its footprint in Uttar Pradesh, hospital chain Fortis Healthcare on Wednesday signed an operations and management (O&M) agreement with Ekana Group to run a 550-bed greenfield hospital in Lucknow. The facility, to be built near Gomti Nagar, is positioned as a Centre of Excellence in tertiary health care services. Fortis said that once operational, the hospital will bring advanced medical infrastructure and global best practices to the state capital. 'This collaboration marks Fortis Healthcare's third major presence in the state, joining our network hospitals in Noida and Greater Noida,' said Ashutosh Raghuvanshi, managing director and chief executive officer, Fortis Healthcare. The move comes as Fortis continues to expand and consolidate its business. Last month, the hospital group signed an O&M agreement to run five hospitals under the Gleneagles Healthcare India network. The Fortis network currently has about 5,700 operational beds across 33 facilities, including 1,300 O&M beds. Commenting on the agreement, Uday Sinha, promoter of Ekana Group, said the partnership will significantly enhance access to advanced medical services and deliver patient care where it is most needed. The Lucknow project reflects a broader trend of hospital chains deepening their presence in high-growth tier-2 cities, where demand for quality tertiary care is rising with income levels. Last year, Max Healthcare also announced the acquisition of Sahara Hospital and a plan to build a 500-bed hospital in Lucknow with a total investment of Rs 2,500 crore. Fortis Healthcare made the announcement after market hours. On Wednesday, Fortis shares rose 1.52 per cent to close at Rs 963.55 on the Bombay Stock Exchange (BSE).
Business Upturn
a day ago
- Business
- Business Upturn
Fortis Healthcare signs O&M pact with Ekana Group for 550-bed super specialty hospital in Lucknow
By Aditya Bhagchandani Published on August 20, 2025, 22:29 IST Fortis Healthcare Ltd. on Wednesday announced that it has entered into an operations and management (O&M) agreement with Lucknow-based Ekana Group to run a 550-bed greenfield super specialty hospital coming up near Gomti Nagar, Lucknow. Once operational, the hospital will be positioned as a Centre of Excellence for tertiary care services, bringing advanced medical infrastructure and global best practices to Uttar Pradesh's capital. This marks Fortis Healthcare's third major presence in the state, after its facilities in Noida and Greater Noida. Dr. Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare, said the collaboration is a key step in strengthening the company's footprint: 'Once operational, this new 550-bed super-specialty hospital near Gomti Nagar will significantly enhance access to advanced medical care for the city and its surrounding regions. It underscores our steadfast commitment to expanding high-quality healthcare across the state.' Uday Sinha, promoter of Ekana Group, added: 'We are happy to join hands with one of India's leading healthcare chains to develop a cutting-edge tertiary care hospital, one that will deliver patient care where it's most needed.' Fortis Healthcare currently operates 33 facilities across 11 states with more than 5,700 operational beds, including O&M beds, and a network of over 400 diagnostics labs Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
2 days ago
- Business
- News18
Fortis ties up with Ekana Group for 550-bedded hospital in Lucknow
New Delhi, Aug 20 (PTI) Fortis Healthcare on Wednesday said it has inked a pact with Lucknow-based Ekana Group for operations and management of a 550-bedded greenfield super speciality hospital to be constructed near Gomti Nagar. Once completed, the facility will be positioned as Centre of Excellence for tertiary care services, bringing advanced medical infrastructure and global best practices to the state capital of Uttar Pradesh. 'This collaboration marks Fortis Healthcare's third major presence in Uttar Pradesh, joining our network hospitals in Noida and Greater Noida," Fortis Healthcare MD & CEO Ashutosh Raghuvanshi said. Fortis currently operates 33 healthcare facilities (including JVs and O&M facilities) across 11 states. PTI MSS MSS SHW view comments First Published: August 20, 2025, 20:00 IST 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. Loading comments...
Time of India
07-08-2025
- Business
- Time of India
Fortis Healthcare Q1 net profit jumps 57 pc to Rs 260 cr
New Delhi: Fortis Healthcare on Wednesday posted a 57 per cent increase in profit after tax at Rs 260 crore in the June quarter of FY26. The healthcare provider reported a profit after tax (PAT) of Rs 166 crore in the April-June quarter of last fiscal. Revenue increased to Rs 2,167 crore during the period under review as compared to Rs 1,859 crore in the year-ago quarter, Fortis Healthcare said in a statement. "We have witnessed a healthy start to the financial year, as demonstrated in our Q1 earnings for both hospital and diagnostic businesses," Ashutosh Raghuvanshi, MD and CEO, Fortis Healthcare, stated. The recently executed O&M (operation & management) services agreement with Gleneagles India expands company's geographic footprint and provides an opportunity to leverage combined strengths to optimize operations and enhance efficiencies, he added. The company also consummated the acquisition of Shrimann Superspecialty Hospital in Jalandhar, further strengthening presence in Punjab region with around 1,000 beds, it said. "In the diagnostics business, we have witnessed a strong recovery in both revenues and EBITDA margins, which is reflective of the brand building initiatives undertaken over the last few quarters. We expect this growth momentum to continue going forward," Raghuvanshi stated.>
