Jaypee Healthcare's total debt of approximately ₹1,000 crore and the intense bidding war for its acquisition.

In our latest video, we spotlight Jaypee Healthcare, a Noida-based multi-super specialty hospital undergoing insolvency proceedings with the NCLT. Despite financial challenges, Jaypee Healthcare shows a good revenue run rate. Fortis Healthcare, Apollo Hospitals, Medanta, and Max Healthcare are at the forefront of the bidding war for Jaypee Healthcare, which carries a total debt of approximately ₹1,000 crore. The Allahabad bench of the NCLT has ordered the admission of Jaypee Healthcare into the corporate insolvency and resolution process following a petition by J.C. Flowers Asset Reconstruction Private Limited.

India’s healthcare sector, specifically hospital infrastructure, is showcasing rapid growth driven by government initiatives like Ayushman Bharat, private investments, and 100% FDI in hospitals. Hospital infrastructure is expanding rapidly, especially into smaller cities and towns. Considering such tailwinds to the sector, in addition to the good operations of Jaypee Healthcare, we expect an excellent resolution with a “Nil” haircut for the financial creditors and good recovery for the other creditors in the hierarchy of the waterfall. 

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