Artemis Medicare Services announces closure of cardiac centre in Chennai

Artemis Medicare Services Limited has announced the closure of one of its cardiac centres located in Chennai, effective from January 23, 2025. This decision was made today, January 15, 2025, and is part of the company’s operational restructuring.

Key Details:

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  • Unit Impacted: Cardiac Centre in Chennai
  • Closure Date: January 23, 2025
  • Reason for Closure: Operational considerations
  • Turnover Impact: The Chennai unit contributed 0.25% of the company’s total turnover in FY 2023-24, amounting to ₹215.39 lakh out of a total of ₹87,857.43 lakh.
  • Net Worth Impact: The unit accounted for a negligible portion of the company’s net worth, which stood at ₹24,212.22 lakh as of March 31, 2024.

The closure is not related to any binding agreement for the sale of the unit. Artemis Medicare Services remains committed to optimizing its operations to better serve its stakeholders.