Business
PB Health keeps plan for about 150 hospitals
The Hindu BusinessLine··16h ago
PB Fintech Chairman and Group CEO Yashish Dahiya said PB Health hospital plans remain on track. He told BusinessLine the venture is separate from Policybazaar and not slowed by a proposed IRDAI change. The outlay is Rs 10,000 crore, with about 20-30 new hospitals and others via partnerships. It aims for four hospitals by March and six more next year.
Prism
What It Means For You
- PB Health already runs multi-speciality hospitals in Noida and Gurugram and plans 200-bed units.
- Dahiya said doctors are on fixed salaries with no revenue or operation targets.
- A company representative said the larger plan is a network of 500 hospitals.
What's Happening
- Dahiya said about 150 hospitals are planned over five years despite Policybazaar stock pressure after an IRDAI paper.
- He said hospital investment comes from external investors and an intact Policybazaar balance sheet.
- Expansion is meant to continue even if insurance distribution faces revenue challenges.
How the hospital network is funded
- Funding is a mix of equity and debt against the Rs 10,000 crore outlay.
- About 20-30 hospitals would be new builds, with other sites via franchise or partnership.
- Dahiya said Policybazaar-end challenges make the healthcare vertical more important, not less.
all-news
