Marengo Asia eyes rights issue, stake sale to fund growth

Marengo Asia Healthcare plans to expand its bed capacity to 3,000 by 2026 and may involve an external investor. The platform has acquired multiple hospitals and is exploring further acquisitions and asset-light operation contracts. Currently, it operates with a 1,700-bed capacity and aims to reach an EBITDA margin above 20% in the next 12 to 18 months.