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How healthcare capital works in India.

We write and record what we learn from working with Hospitals and Clinics. Economics, valuation, funding and what actually happens inside a transaction. Written for the people running these businesses and the people funding them.

Everything Economics Funding Hospitals Clinics Valuation M&A Regulation
The podcast

Conversations with the people running these businesses.

Doctors, hospital owners and investors talking about what their business actually earns, what went wrong, and what they would do differently. No panels, no jargon.

One piece a week, on the business of Indian healthcare.

Written for owners and investors. Numbers where we have them, and no promotion.

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Articles and guides

The economics, written down.

What these businesses earn, what they are worth, how they get funded, and what changes hands in a transaction.

Economics

What a single-specialty clinic actually earns

Chair and room utilisation, revenue per doctor, consumable cost, staff cost and where the margin ends up. Built from real numbers.

9 min readRead
Valuation

What your business is worth, and how that number is arrived at

The methods buyers actually use, why a single practice trades lower than a group, and the things that move a multiple.

11 min readRead
Funding

The fifteen things an investor checks before funding you

Financial, operational, regulatory and clinical. The list we work through, and what usually fails it.

8 min readRead
Structure

Proprietorship to private limited, and why it matters

What the conversion involves, what it costs, how long it takes, and why no investor can back you without it.

7 min readRead
Funding

Equipment finance or a term loan. Which one and when

A comparison on cost, tenure, security and personal guarantee, for a machine that has to pay for itself.

6 min readRead
Hospitals

Empanelment. No panel, no footfall

How TPA, insurer and PMJAY panels drive admissions, what the application actually assesses, and what a notice means.

10 min readRead
M&A

When to start preparing for a sale

Two to three years before you want to sell, and why the businesses that get the best price started earliest.

9 min readRead
Regulation

The licences that stop a transaction

PCPNDT, AERB, clinical establishment registration and biomedical waste. Which ones attach to a machine or a person, and what happens at a change of ownership.

12 min readRead
Clinics

Opening a second location without breaking the first

What it costs, how long it takes to fill, and the mistakes that turn a good single clinic into two weak ones.

8 min readRead
Tools and downloads

Things you can use today.

Send us your email and we will send these across. There is no obligation attached to any of them.

The diligence checklist

Everything an investor will check, across financial, operational, regulatory and clinical. The same list we work through ourselves.

Request it

What is my business worth

A short valuation and readiness check on your Hospital or Clinic. An indicative range, and a written list of what is blocking capital.

Ask for a check

The licence register

Every registration a Hospital or Clinic needs in India, what triggers each one, and which ones attach to a machine or a named person.

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Get in touch

Ask for a resource, or ask us anything.

Tell us which download you want, or what you are trying to work out. We will send it across and answer the question.

What happens next

  • We read every message ourselves. No call centre.
  • You get a reply within two working days.
  • Asking for a resource does not put you on a sales list.
  • If we are not the right fit, we will say so and point you elsewhere.

What you share stays between us. We do not pass business or financial information to anyone without your agreement, and we do not add you to a mailing list unless you ask.