4h ago
Aster DM Quality Care in talks to buy control of Yatharth Hospitals as consolidation accelerates
Aster DM Quality Care is in talks to acquire a controlling stake in Yatharth Hospitals as it looks to consolidate hospital assets amid rising private equity interest. Shares of Yatharth Hospitals have climbed 15.3% over the past month, and investors are pricing in a transaction that would trigger a 26% open offer. TPG recently sold a little over 7% of the stake it held in Aster DM Quality Care, where the Moopen family and Blackstone together own 53.72%.
4h ago
5h ago
PEXA Group swings to FY26 profit as revenue rises 7% and EBITDA climbs 12%
PEXA Group reported FY26 revenue of $406.9 million, up 7%, and EBITDA of $151.7 million, up 12%, with margins rising 1.7 percentage points to 37.3%. NPATA increased 35% to $65.3 million, while statutory NPAT from continuing operations swung to a $19.2 million profit from a $65.6 million loss. Free cashflow rose 39% to $93.5 million. Management guided to FY27 group revenue of $385 million to $415 million and NPAT of $5–20 million.
5h ago