Yatharth Hospital shares surge 10% as Advent International buys 24.9% stake for ₹3,150 crore

Shares of Yatharth Hospital and Trauma Care Services jumped nearly 10% on Thursday after global private equity firm Advent International agreed to invest ₹3,150 crore in the healthcare company for a 24.9% stake.

The investment will be made through primary capital, with the transaction subject to customary closing conditions, Yatharth Hospitals said in an exchange filing. Upon completion, Advent will acquire a significant minority stake in the company.

Cheering the news, Yatharth Hospital shares gained as much as 9.67% to hit a fresh 52-week high of ₹1,077.90 on the BSE. The market capitalisation of the Noida-based hospital chain operator rose to ₹10,348 crore, with more than 1 lakh shares changing hands on the exchange.

Capital infusion to accelerate expansion

The investment marks a major capital infusion for Yatharth Hospitals as it looks to accelerate its expansion and strengthen its healthcare network across North India.

Following the transaction, the promoter Tyagi family will remain the company's largest shareholder and continue to guide its long-term strategy, the company said.

Founded in 2008, Yatharth Hospitals operates nine multi-speciality hospitals with around 2,800 beds and an announced capacity of around 3,250 beds. The company has expanded its network through both organic and inorganic growth.

“Advent’s investment marks a pivotal milestone in our journey and helps validate the strength of our platform and long-term vision. Beyond capital, Advent brings deep healthcare expertise, global insights, and a strong value-creation mindset that will, we believe, help accelerate our next phase of growth,” Yatharth Tyagi, Whole-time Director, Yatharth Hospitals, said.

Pankaj Patwari, Managing Director at Advent, said the investment reflects the private equity firm's commitment to India's healthcare sector, which it expects to see structural growth as access expands, quality improves and consolidation advances.

“We are pleased to partner with the Yatharth family, bringing our global healthcare expertise and experience investing in founder-led businesses to help support and accelerate the Company’s next phase of growth,” Patwari said.

Atin Jain, Director at Advent, said Yatharth Hospitals has built a differentiated healthcare platform in North India, combining clinical capabilities with operational execution.

Advent is a global private equity investor with 17 offices across five continents. The firm oversees more than $109 billion in assets under management and has made 460 investments across 45 countries.

The transaction is subject to customary closing conditions and is expected to strengthen Yatharth Hospitals’ ability to expand its footprint and capabilities.