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MedPlus Health Services

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medplusindia.com

Founded Year

2006

Stage

IPO | IPO

Total Raised

$208.67M

Date of IPO

12/15/2021

Market Cap

73.76B

About MedPlus Health Services

MedPlus Health Services is an Indian pharmacy retailer headquartered in Hyderabad. The firm also runs businesses such as the diagnostics chain MedPlus Pathlabs, RiteCure, a distributor of medical and surgical supplies to hospitals, MedPlusMark.com, an online medical store, and MedPlusLens, an optical store.

Headquarters Location

707, 7th Floor, 5-9-13, Taramandal Commercial Complex Saifabad, Hyderabad

Hyderabad, 500 004,

India

(040) 6700 6700

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Expert Collections containing MedPlus Health Services

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MedPlus Health Services is included in 3 Expert Collections, including Pharma Supply Chain.

P

Pharma Supply Chain

1,258 items

D

Digital Health

13,112 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

B

Biopharma Tech

401 items

Latest MedPlus Health Services News

Medplus Health: Nomura Sees Store Additions To Aid Revenue Growth, Margin

Sep 12, 2022

11:02 AM IST, 12 Sep 2022 11:00 AM IST, 12 Sep 2022 11:02 AM IST, 12 Sep 2022 Save ADVERTISEMENT Medplus Health Services Ltd. got a ‘buy’ from Nomura as it expects the pharmacy channel’s revenue growth to accelerate on aggressive store additions.“Medplus is well funded. It’s currently adding 1,000-plus stores per year versus average store additions of just 105 over FY15-20. The new stores not only strengthen the company’s presence in existing markets, but also expand its presence in new large markets such as Mumbai, adjacent mar... Medplus Health Services Ltd. got a ‘buy’ from Nomura as it expects the pharmacy channel’s revenue growth to accelerate on aggressive store additions. “Medplus is well funded. It’s currently adding 1,000-plus stores per year versus average store additions of just 105 over FY15-20. The new stores not only strengthen the company’s presence in existing markets, but also expand its presence in new large markets such as Mumbai, adjacent markets to existing clusters and tier 2/3 cities,” the research house said in a Sept. 11 report. Led by store expansion, Nomura expects Medplus’ year-on-year revenue growth to accelerate to more than 30% by FY24. “We forecast revenue CAGR of 26.9% over FY22-25F.” “Increased store openings led to operating Ebitda margin (adjusted for rental expense and ESOP cost) correcting to just 2.2% in Q1 FY23 vs 3.45% in FY20 (pre-Covid) as overhead costs increased,” it said. “We expect operating Ebitda margin to expand to 3.2% by FY25F, and further to 7.7% in the long run driven by operating leverage as revenue growth accelerates; and increased contribution from private label.” Also, vertically-integrated operations supported by technology, omni-channel presence and a step-up in store expansion would lead to Medplus gaining market share within organised retail in the near to medium term, Nomura said. Nomura initiated coverage on the stock with a ‘buy’ call and set a target price at Rs 925 apiece—implying a potential upside of 24% from current levels. ALSO READ

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MedPlus Health Services Frequently Asked Questions (FAQ)

  • When was MedPlus Health Services founded?

    MedPlus Health Services was founded in 2006.

  • Where is MedPlus Health Services's headquarters?

    MedPlus Health Services's headquarters is located at 707, 7th Floor, 5-9-13, Taramandal Commercial Complex, Hyderabad.

  • What is MedPlus Health Services's latest funding round?

    MedPlus Health Services's latest funding round is IPO.

  • How much did MedPlus Health Services raise?

    MedPlus Health Services raised a total of $208.67M.

  • Who are the investors of MedPlus Health Services?

    Investors of MedPlus Health Services include Goldman Sachs and Mount Kellett Capital Management.

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