Broach Lifecare Hospital IPO

Incorporated in 2023, Broach Lifecare Hospital Limited operates boutique hospitals under the brand name “Maple Hospitals.” The company offers dedicated 24-hour services to patients with heart ailments, providing a range of non-invasive cardiology services such as 2D Echocardiography, Electrocardiography, Treadmill Tests, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress tests, and Dobutamine Stress Echocardiography.

Located in Bharuch, the hospital features 25 ultra-luxury in-patient beds and is equipped with advanced diagnostic devices for various tests. It also provides high-end coronary care and life-saving equipment, including Intra-aortic Balloon Pump Machines, Biphasic Defibrillators, and Ventilators, ensuring comprehensive care for heart patients.

Maple Hospitals are NABH-certified as small primary-level healthcare organisations, reflecting their commitment to quality healthcare services. The hospitals have also received certification from the Atomic Energy Regulatory Board for the PACS System and a fire safety certificate from local regulatory bodies to ensure patient safety. Additionally, they are a member of Globe Bio Care for biomedical waste disposal, emphasising their commitment to environmental responsibility.

As of August 2024, Maple Hospitals are affiliated with 4 PSU insurance companies, 15 private insurance companies, and 8 third-party administrators (TPAs), enhancing their accessibility and patient support. As of March 31, 2024, Broach Lifecare Hospital Limited employs 19 dedicated staff members, ensuring personalised and attentive care for all patients.

Broach Lifecare Hospital IPO Strengths

• Broach Lifecare Hospital provides comprehensive cardiovascular services with expert medical staff.
• The hospital is strategically located near Bharuch and Ankleshwar industrial belt, Gujarat.
• It is empanelled with 4 PSU insurers, 15 private insurers, and 8 TPAs.
• As of June 2024, the hospital has 8 consulting doctors and 10 visiting consultants.
• The management team is experienced, with the promoter having 10 years in healthcare.
• The hospital plans to add Cath Lab machines and medical tourism software.

Broach Lifecare Hospital IPO Risks

• Limited operating history makes evaluating future prospects difficult for investors.
• High dependence on doctors and healthcare professionals for operations.
• Significant reliance on promoters with over 15 years of experience.
• Operations concentrated in Bharuch and Ankleshwar, Gujarat, increasing local risks.
• Revenue is heavily dependent on interventional cardiac services.
• Loss of major insurance and TPA tie-ups could impact revenue.