Ahmedabad headquartered Shalby Ltd (Shalby) is a leading multispecialty chain of hospitals in India with specific focus on joint replacement. The company provides healthcare services through a network of 11 operational hospitals with an aggregate bed capacity of 2012 beds and an operational bed count of 841 beds. The company claims 15% market share of all joint replacement surgeries conducted by private corporate hospitals (organised pie) in India in 2016 (source: F&S; Report). The company also provides outpatient services through 47 outpatient clinics and has 10 shared surgery centres within third party...