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Healthtech unicorn Pristyn Care announced a significant expansion of its physical infrastructure in the National Capital Region (NCR), launching three new hospitals – two in New Delhi and one in Gurugram. This strategic move signals a shift from the company's previous asset-light model towards owning and operating its own facilities, with an eye on boosting profitability, improving patient outcomes, and a potential Initial Public Offering (IPO) by fiscal year 2027-28 (FY28).
This expansion marks a notable pivot for Pristyn Care, which initially focused on partnering with existing hospitals for surgeries while managing patient acquisition, technology, and coordination. The company now plans to add approximately 50 hospitals over the next three years.
According to Pristyn Care co-founder Harsimarbir Singh, this change in strategy is driven by the company's established patient base and the desire to have greater control over the quality of care and operational efficiency. "While we have successfully built a strong patient demand over the past five years through our technology-driven approach, owning and operating our own hospitals will allow us to further enhance the patient experience and drive better clinical outcomes," Singh stated. This move is also expected to contribute significantly to the company's profitability as it prepares for its public listing.
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Mail:marketing@newsonprojects.com
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