Hot Pursuit     28-Jun-23
Shalby gains on inking pact with Divine Super Specialty Hospital
Shalby jumped 5.90% to Rs 177.70 after the company has signed an agreement with Divine Super Specialty Hospital to establish a Franchise‐Owned Shalby‐Managed (FOSM) hospital in Ranchi.
Divine Super Specialty Hospital is a leading hospital in Ranchi having capacity of 60 beds. This strategic collaboration marks an important milestone in the company's franchise business plans and signifies commitment to delivering quality healthcare services to the people of in and around Ranchi.

As per the terms of the agreement, the company will provide their expertise, operational guidance, specialist doctor services, supply chain and learning & development support to facilitate the establishment and smooth functioning of the hospital. Divine Super Specialty Hospital (Franchisee) will be responsible for the day‐to‐day operations of the hospital.

The company stated in regulatory filing that its partnership with Divine Super Specialty Hospital will leverage its extensive experience and excellent reputation in the healthcare industry to meet demand effectively.

Shalby is a company engaged in healthcare delivery space and listed with bourses in India. The company operates as a chain of multispecialty hospitals across India. The business of the company is to offer tertiary and quaternary healthcare services to patients in various areas of specialization such as orthopedics, complex joint replacements, cardiology, neurology, oncology, renal transplantations etc.

The company's consolidated net profit jumped 36.1% to Rs 13.90 crore on 22.4% increase in net sales to Rs 198.98 crore in Q4 FY23 over Q4 FY22.

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