Family Care Hospitals Ltd has received a termination notice for its Operations and Management Agreement at Mira Road, Thane.
The agreement was executed between Family Care Hospitals Ltd and Seven Eleven Construction Private Limited on September 16, 2024.
The termination is due to delay in payments and other corporate developments.
The hospital business's revenue and profits will be impacted by the termination.
Family Care Hospitals Ltd was previously known as Scandent Imaging Limited.