Artemis Medicare to Raise Rs 700 Crore through Qualified Institutional Placement

Artemis Medicare Services Ltd. Prepares for Aggressive Expansion

Key Highlights

• Rs 700 crore QIP to fund hospital network expansion
• 66.53% promoter holding as of September quarter
• Rs 3,717 crore market capitalisation as of late February 2026

Expansion Plans

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Artemis Medicare Services Ltd. is set to raise Rs 700 crore through a qualified institutional placement (QIP) to drive an aggressive expansion of its hospital network. The Gurugram-based healthcare provider aims to triple its bed capacity to between 1,700 and 2,300 by 2029. The capital infusion will be used for both organic and inorganic growth, including a new 300-bed super-specialty hospital in Raipur, Chhattisgarh.

Strategic Growth

The company is scaling its presence in the National Capital Region (NCR) by increasing capacity at its flagship Gurgaon facility and developing a 650-bed quaternary care facility in South Delhi through an operations and management (O&M) agreement with Vidyasagar Institute of Mental Health and Neuro & Allied Sciences (VIMHANS). This move is designed to challenge the long-standing regional dominance of larger rivals such as Max Healthcare.

Financial Performance

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Artemis Medicare Services Ltd. reported a strong financial performance in FY25, with a consolidated revenue of Rs 938.42 crore and a net profit of Rs 82.2 crore. The growth was bolstered by a surge in international medical tourism, which now accounts for roughly 34% of the total revenue. In the nine months ended December 31, total revenue reached Rs 802 crore, up 15.1%, with an EBITDA margin of 20.2% and a PAT growth of 25.6% YoY to Rs 73 crore.