homemarket Newsstocks NewsShalby Hospitals eyeing acquisitions in Delhi and Kolkata markets

Shalby Hospitals eyeing acquisitions in Delhi and Kolkata markets

In an interview with CNBC-TV18, Shanay Shah, president, said, "The company had an internal benchmark of reaching a certain level of return on capital employed (ROCE) after our listing. At the moment, we are at about 16-18 percent ROCE for the hospital business and that is the reason we are looking out for potential acquisitions."

By Sonal Bhutra   | Ekta Batra  Sept 12, 2022 5:11:43 PM IST (Published)

2 Min Read
Ahmedabad-based hospital chain Shalby Ltd on Monday said it is planning to acquire value accretive multi-specialty hospitals in markets such as Delhi and Kolkata.
In an interview with CNBC-TV18, Shanay Shah, president, said, "The company had an internal benchmark of reaching a certain level of return on capital employed (ROCE) after our listing. At the moment, we are at about 16-18 percent ROCE for the hospital business and that is the reason we are looking out for potential acquisitions."
Shah expects the international medical tourism industry to grow by 15-20 percent year on year and added that the hospital has been seeing a higher influx of international patients.