Summary

India's hospitals sector rebounded in fiscal 2019, after two difficult years when regulatory actions and intense competition impacted business performance.

Bed utilization rates are improving, demand remains healthy, and the sector is set to log double digit revenue growth over the medium term, driven by both structural factors and business strategies.

The government's initiative to make healthcare more affordable and accessible also presents a huge growth opportunity for hospitals - provided services are priced appropriately.

Profitability of hospital firms, which had declined in fiscals 2017 and 2018, is returning to healthy levels, and will support cash accruals.

Given this backdrop, CRISIL is hosting a webinar titled, Hospitals sector on the mend, which will cover:

• Growth prospects and key drivers
• Potential and challenges emerging from the government's PMJAY Scheme
• Viability gap funding and its ability to induce investments in Tier II/III cities
• Consolidation trends witnessed, led by private equity
• Capex and credit quality outlook for hospital firms

There will be a presentation by CRISIL Research and CRISIL Ratings, followed by a panel discussion with sector experts and a Q&A session.