bullish
IHH Healthcare (IHH MK): Outstanding Performance in 1Q24; Looking for Business Expansion
450 Views05 Jul 2024 00:36
SUMMARY
- IHH Healthcare (IHH MK) reported highest ever quarterly revenue in 1Q24, with double-digit growth across key metrics. 1Q24 revenue increased 16%, while EBITDA grew at a faster pace of 19%.
- Favorable patient mix, which was inclined to more acute and complex patients and price adjustments to counter inflation drove the growth. 1Q24 EBITDA margin (22.9%) improved from year-ago quarter (22.3%).
- The company expects favorable tailwinds from secular trends in its core markets, which will underpin longer-term growth. IHH is on track to add ~4,000 beds (+33% capacity) by 2028.
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Rising
Tina Banerjee
Global Healthcare Analyst
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