Max Healthcare

Max Healthcare Q2: Net profit up 1.9% at Rs 281.81 cr, revenue rises 25%

Hospital chain's average revenue per occupied bed increases 2% at Rs 76,100

ACC, 2 pvt banks among 8 midcap stocks turn favourable on tech charts

The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.

NCLAT closes proceedings against JHL as Max Healthcare settles claims

The National Company Law Appellate Tribunal (NCLAT) has closed the insolvency proceedings against Jaypee Healthcare after the financial creditors' dues were settled by Max Healthcare. The appellate tribunal's direction to close the Corporate Insolvency Resolution Process (CIRP) against Jaypee Healthcare Ltd (JHL) came after the financial creditor submitted that they had received the amount of Rs 1,035.29 crore as part of the settlement and no claim had survived. "In view of the fact that the entire claim has now been satisfied and the amount deposited has been disbursed, we see no reason to continue the CIRP any further," said the NCLAT order passed on Thursday. CIRP against JHL was initiated by the Allahabad bench of the National Company Law Tribunal (NCLT) on June 14 this year, over a petition filed by its lead creditor JC Flowers Asset Reconstruction Ltd. This was challenged by the Manoj Gaur-led parent group firm Jaypee Infratech Ltd (JAL) before the appellate tribunal ...

Higher sales, occupancy to improve profit trajectory of Max Healthcare

Acquisitions, organic growth to improve profit trajectory

Max Healthcare market cap tops Rs 1 trillion; shares rally 31% in 1 month

At 09:58 AM, with Rs 1.07 trillion market cap, Max Healthcare was trading 4 per cent higher at Rs 1,099.65, as compared to 0.13 per cent gain in the benchmark index.

Stocks To Watch: HDFC Bank, Adani Total, Max Health, IIFL Finance, APSEZ

Stocks to Watch: Indian markets were likely to start on a positive note on Monday, as indicated by GIFT Nifty futures that were at 25,900, around 150 points ahead of Nifty futures' last close.

Exploring opportunities of growth in various cities across India: Abhay Soi

Max Healthcare is on an expansion spree planning to add 3500 beds in 3 yrs

Max to buy 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation

Move to help Max establish foothold in North India region

Max to acquire 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation

Max Healthcare Institute on Friday said it will acquire 64 per cent stake in struggling Jaypee Healthcare for an enterprise value of Rs 1,660 crore. The company has entered into a strategic agreement with Lakshdeep Group, the promoter of Jaypee Healthcare Ltd (JHL) which is undergoing Corporate Insolvency Resolution Process (CIRP), Max Healthcare said in a regulatory filing. The collaboration and proposed acquisition will give Max Healthcare a controlling stake in JHL, including its flagship asset, the 500-bed Jaypee Hospital in Noida, it added. Under the agreement, Max shall organise debt for repayment of admitted claims of the financial creditors of JHL and proposes to simultaneously acquire 64 per cent stake in the company, with call and put option for the remaining stake, it said. The acquisition is based on an enterprise value of Rs 1,660 crore, reflecting JHL's strong market position, which includes two operational hospitals -- 500-bed Jaypee Hospital, Noida and 200-bed Jayp

Max Healthcare Q1 results: Net profit drops 1.6%, revenue up by 20%

Max to invest Rs 230 crore to set up 250 bed hospital in Mohali

Max Healthcare Q1 results: Net profit increases marginally to Rs 295 cr

Max Healthcare Institute on Thursday said its profit after tax rose marginally to Rs 295 crore for the first quarter ended June 30, 2024. The healthcare firm had reported a profit after tax of Rs 291 crore in the April-June quarter of last fiscal. Gross revenue increased to Rs 2,028 crore for the period under review from Rs 1,719 crore in the year-ago period, Max Healthcare Institute said in a statement. "With the launch of Max Super Specialty Hospital, Dwarka, we have added over 900 beds to our capacity so far and have successfully supplemented the momentum of growth in revenues and profitability before augmentation of bed capacity through brownfield expansion plans in FY26," Max Healthcare Institute Chairman and Managing Director Abhay Soi stated. Meanwhile, consistent performance in existing hospitals and encouraging response to offerings at new units are providing the company with confidence to further pursue growth opportunities, including newly entered built-to-suit arrangeme

Suven Pharma, Max Health can rally up to 9%: Angel One

Rajesh Bhosale, Equity Technical Analyst at Angel One, expects the Nifty to move in the this 23,200 - 23,600 range this week.

Major private hospital chains see rise in revenues per bed in FY24

They are on an expansion spree and guided for more bed additions in FY25

Looking to add around 1,000 beds by early FY26: Max Healthcare CMD Soi

Soi gives an overview of the company's performance in FY24 and its expansion plans for FY25

Max Healthcare Institute Q4 results: PAT declines by 2.81% to Rs 311 crore

Max Healthcare Institute Ltd on Wednesday reported a 2.81 per cent decline in profit after tax at Rs 311 crore in the fourth quarter ended March 31, 2024. The company had posted a Profit After Tax (PAT) of Rs 320 crore in the same quarter of the previous fiscal, Max Healthcare Institute said in a statement. "The minor drop in PAT is mainly due to lower effective tax rate last year and net loss at new units," the company said. Network gross revenue in the fourth quarter was at Rs 1,890 crore as against Rs 1,637 crore in the year-ago period, it added. The company's board has recommended a final dividend of Rs 1.5 per equity share of face value of Rs 10 for the financial year 2023-24, subject to approval of the shareholders at the upcoming annual general meeting. For the fiscal ended March 31, 2024, PAT was at Rs 1,278 crore as against Rs 1,084 crore in the previous year, the company said. In FY 24, network gross revenue was at Rs 7,215 crore as against Rs 6,236 crore in FY23. Max

Max Health shares dip 4% as NSE refuses fine waiver on flouting board norms

The fall in stock price also comes amidst a Rs 2500 crore investment by the company for developing hospitals in Lucknow where it earlier acquired the 550-bed Sahara Hospital for Rs 940 crore

Max to invest Rs 2,500 cr in Lucknow, be UP's 'largest' pvt healthcare firm

Delhi-based group plans to double overall capacity by adding 4,200 beds in four to five years

Max Healthcare and Touch Healthcare signs agreement to settle dispute

Max Healthcare accused Touch Healthcare of favouring Blackstone's offer over a prior agreement for Care Hospitals' sale

GQG Partners sells hospital chain Max Healthcare shares through open market

Last year, GQG Partners had acquired shares of hospital chain Max Healthcare Institute in a bulk deal for Rs 415 crore through an open market transaction

Max Healthcare Institute acquires Alexis Hospital at Rs 412 cr valuation

Max Healthcare Institute Ltd on Friday said it has acquired 100 per cent stake in Nagpur-based Alexis Multi-Speciality Hospital Pvt Ltd for an enterprise value of Rs 412 crore. Subsequently, Alexis Multi Speciality Hospital has been renamed as Max Super Speciality Hospital, Nagpur, the company said in a statement. Max Healthcare Chairman and Managing Director Abhay Soi said the successful completion of the acquisition of Alexis Hospital marks "a significant step forward in our growth strategy, allowing us to harness new opportunities, expand our capabilities, and deliver greater value to our patients in this region". Established in 2016, Alexis Hospital provides high-end tertiary care services such as organ transplant, oncology, including radiation, neurology, cardiology, gastroenterology and diagnostics facilities under one roof, the statement said. The acquisition is part of Max Healthcare's strategy to expand in Western and Central India.