That is fair criticism, however, there is enough cash on the balance sheet for them to actually acquire. One may argue that these might have been good deals and they did not want to miss them. Also if you compare Yatharth expansion plans to others, one thing in their favour is that these are brownfield for the Noida hospitals so that also reduces execution risk. In addition, NCR is one of the most deprived areas in terms of hospitals so it is seeing interest from a lot of players. I think Yatharth wants to have dominance in the region before others jump in as this will allow them to establish the brand name and patient loyalty. If they do anything more than this I would share your concern.
| Subscribe To Our Free Newsletter |
