Synopsis

Yatharth Hospital shares jumped over 5% after reports that Aster DM Quality Care, backed by Advent International and Blackstone, is negotiating to acquire a controlling stake in the hospital chain. Yatharth denied being in any sale discussions, while the stock hit a fresh 52-week high and has gained around 50% in 2026.

Shares of Yatharth Hospital & Trauma Care Services jumped more than 5% amid buzz around Advent International and Blackstone-backed Aster DM Quality Care negotiating to acquire a controlling stake in the specialty hospital chain.

Yatharth Hospital shares surged to a fresh 52-week high of Rs 1,024.85 apiece on the NSE. India’s second-largest hospital chain is looking to consolidate amid a buyout spree by large private equity groups, people familiar with the matter told The Economic Times.

The existing promoters may retain a sliver of ownership, but final negotiations are still underway, the report said, adding that there is no guarantee that the talks will lead to a transaction. Yatharth, however, denied it is in any sale discussions.

Headquartered in Noida and Greater Noida, Yatharth has about nine hospitals with a total bed capacity of over 2,800. The company is targeting a total capacity of over 5,000 beds in the next three years through new facilities and expansion. Its footprint also covers Jhansi-Orchha in Madhya Pradesh and Faridabad in Haryana.

Advent has been a big backer of Indian pharma companies but has, so far, not made an investment in the hospitals sector other than a 2012 investment in Care Hospitals. Aster DM Quality Care, meanwhile, was formed by a mega merger of Moopen family-founded Aster DM Healthcare and Quality Care India, unifying four healthcare brands — Aster DM, CARE Hospitals, Evercare and KIMSHEALTH. It also saw two of the biggest PE groups, TPG and Blackstone, join forces to create the country’s second-largest healthcare chain.

Also read | Yatharth Hospitals draws interest from Aster, Advent as healthcare consolidation heats up

Yatharth Hospital share price

Yatharth Hospital shares jumped more than 18% in one week and 21% in one month, with the stock overall jumping around 50% in 2026 so far. The shares of the company have overall jumped 43% in three years.

In the longer term, Yatharth Hospital shares have delivered multibagger returns of more than 167% in three years. The company currently has a market capitalisation of around Rs 9,676 crore.

For the first quarter ended June, Yatharth reported a 51% year-on-year increase in consolidated revenue to Rs 392.70 crore. Average revenue per occupied bed was at Rs 34,758, up 7% from a year ago. Whole-time director Yatharth Tyagi recently told analysts on an earnings call that the hospital chain grew at 37% in FY26 and is set to “easily surpass that growth” this year.

Also read | These 19 stocks turned into tenbaggers in 5 years: Peter Lynch’s rules to find the next

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