Medanta plans ₹4,500 crore expansion

Global Health, the listed operator of Medanta hospitals, said on May 14 it will spend about ₹4,500 crore over the next five years to add nearly 2,700 beds across India. The expansion plan was outlined in the company’s fourth-quarter investor presentation and reiterated by Group Chief Executive Officer Pankaj Sahni in media remarks on May 18. The projects include two new hospitals in Delhi and one each in Mumbai, Guwahati and Varanasi. Sahni said the company does not expect to raise fresh capital for the plan. ### Where is Medanta planning to build? The company said the new capacity will come from five greenfield projects spread across north, west and east India. Those projects include two hospitals in Delhi and one each in Mumbai, Guwahati and Varanasi, according to Sahni’s comments carried by ANI and published by The Tribune. The additions would take the pipeline to nearly 2,700 beds over the next five years. (nsearchives.nseindia.com) The May 14 investor presentation also flagged Guwahati as an approved 400-bed project, with land already purchased in September 2025. That filing was submitted by Global Health to the BSE and National Stock Exchange after its quarterly results. ### How does this fit into Medanta’s current footprint? Sahni said Medanta is already operating hospitals in six cities — Gurugram, Ranchi, Indore, Patna, Lucknow and Noida. (tribuneindia.com) He said all six assets had performed “exceedingly well” financially and in raising local standards of care. He also said the company’s experience in Lucknow and Patna showed demand for premium care outside the largest metro markets. (nsearchives.nseindia.com) The company’s investor materials said it added 623 beds in FY2026, including the inauguration of its Noida hospital and added capacity in Patna and Ranchi. That existing buildout provides the base from which the next phase of expansion is being launched. ### How does Medanta say it will pay for the buildout? Sahni said the ₹4,500 crore capital expenditure will be funded through the balance sheet, internal accruals and project-specific debt. (tribuneindia.com) He said the company was net cash positive by nearly ₹700 crore and did not expect to raise additional capital for the announced projects. He said Medanta has generally kept project-level debt-to-equity at 1:1 or below and maintained what he described as a healthy debt-to-EBITDA ratio. (nsearchives.nseindia.com) Sahni said returns from the group’s first Gurugram facility had helped fund subsequent units, and that the next round of projects would follow the same discipline. ### Why does medical tourism come up in this story? (tribuneindia.com) Medanta markets a dedicated international-patient business on its website and says it supports treatment planning, visa assistance, airport transfers and interpreter services. The hospital group says it handles an average of 20,000 international patients a year from more than 130 countries. The company has not said in the cited filings that the new hospitals are solely for overseas patients. (tribuneindia.com) But the expansion adds tertiary-care capacity in cities where large private hospital operators compete for both domestic patients and international referrals, based on Medanta’s own international-patient materials and Sahni’s comments on quality-led growth. (medanta.org) ### What happens next? The next formal milestones are likely to appear in Global Health’s exchange filings, investor presentations and project updates as individual hospitals move through land, construction and commissioning stages. The company’s May 14 filing said the expansion sits within a five-year capex plan, while Sahni said execution of the announced projects would run over the next five years. (nsearchives.nseindia.com) (tribuneindia.com)