Is Yatharth the next breakout in healthcare?

$5 billion—that's how much private equity firms invested in the Indian hospital industry in 2023 alone. This includes marquee names like Advent, KKR, Temasek and more. While hospitals may appear dull on paper, the return potential is anything but. Tier-2 and tier-3 towns remain underserved, while tier-1 cities are witnessing rising patient volumes, creating a solid long-term growth runway. That perhaps explains the steep industry median P/E ratio of around 60 times.

This article was originally published on June 21, 2025.