EaseMyTrip Expands into Medical Tourism with Strategic Acquisitions
Introduction to EaseMyTrip's Medical Tourism Ventures
Easemytrip shares have shown considerable activity following the announcement of its entry into the medical tourism sector. This expansion is marked by substantial acquisitions aimed at enhancing service offerings. The recent acquisitions include:
- 30% stake in Rollins International for ₹60 crore
- 49% stake in Pflege Home Healthcare Center for ₹30 crore
The acquisition of Rollins International will be completed via equity share swap. For Pflege Home Healthcare Center, EaseMyTrip has made purchases from existing shareholders and subscribed to new shares.
Financial Performance and Growth Strategy
Furthermore, in a recent statement, the company's co-founder Prashant Pitti indicated a commitment to profit growth alongside a focus on diversifying into non-air travel services and international markets. In light of its growth strategy, Easemytrip's revenues increased 23.1%, reaching ₹152.6 crore during the June quarter, compared to ₹124 crore the prior year. The company also reported a 34.9% increase in EBITDA, achieving ₹46.8 crore.
Market Reaction
On September 17, shares of Easy Trip Planners noted a slight decline of 0.21%, settling at ₹42.11, despite a notable gain of 8.28% over the past month. These fluctuations reflect the dynamic nature of the market amid strategic and innovative shifts within the company.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.