The shares of Shalby Limited, one of India’s top multi-speciality hospitals, gained 6% after it announced a strategic investment plan for Healers Hospital Private Limited (Healers Hospital).

As per Shalby’s regulatory filing, the company will acquire a 100% equity stake in Healers Hospital for a consideration of approximately Rs 104 crore through secondary buy-outs within a month. This investment is in line with Shalby’s strategy to consolidate its asset base following its recent acquisition of Sanar International Hospital (P K Healthcare Pvt Ltd.) in Gurugram.

Sanar International Hospital currently operates under leased land held by Healers Hospital. With this acquisition, Shalby will change its business model from a leased to an owned model for Sanar International Hospital, which it acquired in January 2024.

The acquisition will unlock the group’s consolidated profitability by eliminating leased rental expenses and ensuring the lifelong continuity of Sanar Hospital under an owned land model. It will also unlock future asset value, as Sanar Hospital is strategically located on Golf Course Road in Gurugram.

It currently operates 11 multi-speciality tertiary hospitals and five Orthopaedic Centers under Shalby Orthopedics Center of Excellence (SOCE) across India, with an aggregate bed capacity of over 2,200 hospital beds.

Shalby has diversified into knee and hip implant manufacturing in the US and has performed more than 150,000 joint replacement procedures, making it the largest centre of joint replacement surgery in India with a 15% market share in the organised market.

Shalby has more than 4,000 in-house skilled doctors, surgeons, and support staff with relevant industry experience and in-depth domain expertise who have been leading the company’s growth.

However, at 2:31 pm, the shares of Shalby Ltd. lost all their early gains and were trading 4.78% lower at Rs 219.00 on the NSE.