Rainbow Children’s Medicare Receives Approvals for New Hospitals in Gurugram

Rainbow Children’s Medicare Limited has received the necessary approvals to proceed with the development of 2 new hospitals in Gurugram, Haryana. The approvals, granted by Haryana Shehri Vikas Pradhikaran (HSVP), Panchkula, mark a significant milestone in the company’s expansion strategy.

The share price of Rainbow Children’s Medicare was down by 0.69% as of 12:41 PM.  

Land Acquisitions in Prime Locations

The company had previously announced the acquisition of two land parcels—one in Sector 44 and another in Sector 56 of Gurugram. These plots, spanning approximately 2.32 acres and 1.23 acres, were procured from HSVP. Strategically located, these sites are well-positioned to enhance healthcare accessibility in the region.

Regulatory Approvals and Project Progress

With the building plans now sanctioned for the proposed hospitals at Plot No. 167, Sector 44, and Site No. 2, Sector 56, the company is actively mobilising resources. Key preparatory steps are underway, and construction is set to commence shortly. This marks a crucial step towards strengthening the company’s presence in the healthcare sector.

Financial Performance and Growth Trends

For the October–December 2024 quarter (Q3FY25), Rainbow Children’s Medicare reported a revenue of ₹398 crore, with a robust operating margin of 33% and a profit after tax of ₹68 crore.

During the quarter, the average revenue per occupied bed (ARPOB) was influenced by a high base effect and an increase in the average length of stay. However, the average revenue per patient (ARPP) has continued its upward trend, growing at a steady rate of 6-7% quarter-on-quarter.

Commitment to Healthcare Expansion

This expansion aligns with Rainbow Children’s Medicare’s vision of enhancing healthcare accessibility and strengthening its footprint in key urban centres. By investing in new hospitals, the company continues to focus on delivering high-quality paediatric and maternal healthcare services.

Conclusion

With the groundwork now in place, further updates on the project’s progress are expected in due course. Once operational, these hospitals are set to provide advanced medical infrastructure, catering to the growing healthcare demands in Gurugram.

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