Family Care Hospitals Limited Rights Issue Closes on 07th February, 2023

Mumbai (Maharashtra) [India], January 26: The Rights Issue of Family Care Hospitals Limited is closing on 07th February, 2023. The issue opened on 23rd January, 2023. The size of the issue is Rs 4892.04 Lakhs. The rights entitlement ratio is 127 rights equity shares for every 100 fully paid – up equity share/s held by the eligible equity shareholders on the record date. The full amount of issue price is Rs 12 per Right Equity Share is payable on application. 

The Company is currently operating a hospital under the name Family Care Hospitals at Mira Road, Thane and is currently operating 9 (Nine) Imaging centers across Mumbai region. These imaging centers provide scanning solutions to the dental and ENT doctor fraternity for investigating patient ENT and dental issues. We offer a broad spectrum of health and wellness packages to our customers as per their requirements. For convenience of our customers, we provide value-added services such as home collection of specimens, house calls and various delivery or access modes (i.e., at diagnostic centers, SMS, email, web and mobile portal) for test reports. For further details, please see “Our Business” at page 76 of the Letter of Offer.

It presently operates a 100 bedded tertiary care hospital at Mira Road, Thane. This is a NABH accredited facility. It employs 135 professionals. (www.familycarehospitals.com) and the facility has been active for 5 years, with 60 Consultants of diverse expertise affiliated to the setup.  It is amongst the first private sector facility to engage in Covid Care in Mira Bhayender Municipal Region and was subsequently a dedicated covid healthcare centre. It is spread across 21,000 square feet of area, with an independent G+2 Structure with 24X7 care and support availability for patients. The facility is fully equipped with emergency care, child and women care, cath lab and neurology support, critical care units, modular operation theatres, pharmacy, pathology, radiology and many more services. It has strategic tie-ups with leading insurance companies for cash less services, government healthcare programs like MJPJAY, select NGOs. It cumulatively treated to over 30,000 patrons. The Hospital Services accounted for 94.61% of the revenues in FY22.

On 31st March, 2022, the Company recorded total income of Rs 4206.52 Lakhs as against Rs 3,535.50 Lakhs on 31st March, 2021. It reported the net profit after tax of Rs 519.88 Lakhs as on March 31st, 2022 as against Rs 407.42 Lakhs as on March 31st, 2021. As on 30th September, 2022, its income from operations were Rs 2,311.11 Lakhs and net profit after tax was Rs 276.16 Lakhs. 

Imaging Division Dental and ENT:

– Provides Dental and ENT images in 2D and 3D formats with reports using Conical Beam Computed Tomography (CBCT) for Craniofacial area. 

– Operates under the brand name of “Scandent”. (www.scandent.in

– Currently, present across Nine Centers in Mumbai 

– Largest independent Imaging chain for such services in the Mumbai Region.  

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