NH close operations at Chinmaya Narayana Superspeciality Centre

Narayana Hrudayalaya (NH) Limited, a leading healthcare service provider in India, has announced in its press release about the closure of operations at Chinmaya Narayana Superspeciality Centre located in Bengaluru (Karntaka).

In 2009, Narayana Hrudayalaya has entered into a contract with Karnataka Chinmaya Seva Trust and had set up a heart centre named Chinmaya Narayana Superspeciality Centre on revenue sharing basis. Till now, Narayana Hrudayalaya was running and operating the heart centre for the treatment of cardiac patients.

However, Karnataka Chinmaya Seva Trust has decided to operate the centre on its own and decided not to renew the contract. The contract is going to expire on March 31, 2020.

The company’s business mix as on Q3FY20 comprises of owned/operated hospitals-94 per cent, heart centres- five per cent and other ancillary businesses- one per cent.

Today, the stock of Narayana Hrudayalaya opened at Rs 319 on BSE, up by one per cent from its previous close of Rs 314.45.