INDRAPRASTHA MEDICAL CORPORATION: NOT KEEPING INVESTORS HEALTHY
Article Abstract:
Indraprastha Medical Corporation Ltd (IMCL) had floated a public issue in February 1997 to raise Rs22.92 crore to set up a multi- speciality hospital at a cost of Rs179.59 crore. The capacity of the hospital is planned to be 695 beds with 250 consultants attached to it. Its occupancy rate was 71 percent in 1997-98. It has posted a turnover of Rs89.20 crore against the projected Rs114.58 crore for 1997-98. (rk) --------------------------------------------------------- Financial Performance of Indraprastha Medical Corporation (Rs in crore) --------------------------------------------------------- Particulars Projected Actuals 1997-98 1996-97 1997-98 1996-97 --------------------------------------------------------- Sales 114.58 63.65 89.21 59.58 --------------------------------------------------------- Gross profit 13.32 7.72 12.22 9.87 --------------------------------------------------------- Interest 31.19 16.43 9.63 1.60 --------------------------------------------------------- Profit/(loss) after tax 19.97 9.42 2.04 (3.86) --------------------------------------------------------- Equity 91.67 91.67 91.67 91.67 --------------------------------------------------------- EPS (Rs) 2.18 1.03 0.22 - ---------------------------------------------------------
Comment:
Posts gross profit of Rs12.22 crore in 1997-98 versus Rs9.87 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MAX INDIA TO FORAY INTO HEALTHCARE
Article Abstract:
Max India has entered into the health care sector by tying up with Harvard Medical International (HMI), a subsidiary of Harvard University, for setting up hospitals in India. The joint venture will also provide health care services, medical education, hospital administration consultancy and clinical research. In the initial phase the group will invest Rs200 crore in establishing two hospitals for paediatrics and orthopedics and neuro sciences segments near New Delhi. The joint venture will get the expertise from HMI while it will be funded and managed by Max India. (gs) (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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TIL EYES NEW PASTURES
Article Abstract:
Tata Industries Ltd (TIL), the holding company of the Tata group, has planned investments in bio-sciences, life sciences, hospitals, telecom technology, infrastructure and pharmaceuticals over the next few years. It has decided that the groups entry into these sectors will mainly be through acquisitions and buy- outs. TIL is responsible for drafting the Tata group's entry into new and emerging technologies under the umbrella name - Tata New Businesses. It plans to invest in companies and ventures that have attained a critical mass in size and performance. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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