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HealthCare Global Enterprises Management Meet Update - Well Poised To Grow: ICICI Securities

HealthCare Global Enterprises Management Meet Update - Well Poised To Grow: ICICI Securities

<div class="paragraphs"><p>A healthcare worker comforts a Covid-19 patient on a heart monitor in the ICU ward at the General University Hospital. (Photographer: Milan Jaros/Bloomberg)</p></div>
A healthcare worker comforts a Covid-19 patient on a heart monitor in the ICU ward at the General University Hospital. (Photographer: Milan Jaros/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Securities HCG Management Meet Update.pdf

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