Page 2 - Max Healthcare

Max Healthcare to acquire Nagpur-based Alexis Hospital for Rs 412 rore

Max Healthcare added that the bed capacity can be expanded to 340 beds in view of the availability of the floor area ratio for the given land and the strength of the existing structure

Max Healthcare acquires Nagpur-based Alexis Hospital for Rs 412 cr

Acquisition strengthens presence in Maharashtra and part of strategy to expand in Tier-II cities, says Max Healthcare

Max Healthcare acquires Nagpur-based Alexis Hospital for Rs 412 crore

Max Healthcare Institute on Friday said it has acquired Nagpur-based Alexis Multi-Speciality Hospital Pvt Ltd for Rs 412 crore. The 200-bed hospital is set up on a land parcel of 2-acre at Mankapur, north of Nagpur. The facility has potential to increase its bed capacity from 200 operational beds to 340 beds after necessary regulatory approvals. "The acquisition of Alexis Hospital is in line with our vision to expand our footprint in tier-2 cities with abundance of clinical talent and developed private healthcare infrastructure," Max Healthcare Institute Chairman and Managing Director Abhay Soi said. Alexis Hospital acquisition will strengthen company's presence in Maharashtra region, he added. Shares of Max Healthcare were trading at a loss of 0.42 per cent at Rs 866.4 apiece on the BSE.

Max Healthcare signs MoU with RCOG for advanced gynaecology programme

As part of the MoU, both organisations will work to promote and conduct training in obstetrics and gynaecology, assessment, and certification of training in India

Max Healthcare Institute Q3 results: PAT rises 30% on better specialty mix

Max Healthcare highlighted that above figures do not include the revenues from three of its hospitals - Max Smart Super Speciality Hospital, Max Saket Super Speciality Hospital and Max Balaji Hospital

Max Healthcare Institute Q3 results: PAT rises 26% to Rs 338 crore

Max Healthcare Institute Ltd on Wednesday reported a 26 per cent growth in its profit after tax at Rs 338 crore in the December quarter. The company had posted a Profit After Tax (PAT) of Rs 269 crore in the third quarter of FY23, Max Healthcare Institute said in a statement. Network gross revenue stood at Rs 1,779 crore, up 14 per cent as compared to Rs 1,559 crore in the same period a year ago, it added. Max Healthcare Institute Chairman and Managing Director Abhay Soi said the company continued to witness positive trends on all parameters even during this quarter. This translated into revenue and profitability growth, despite expected softness in occupancies due to the festive season. "Further, our entry into central UP (Uttar Pradesh) through the acquisition of Sahara Hospital will strengthen our presence in Northern India and will act as a stepping stone in growing Max Healthcare's presence in the region," he added.

Max Healthcare up 9% in one week post Lucknow-based Sahara Hospital buyout

On December 8, Max Healthcare said it entered into a share purchase agreement for acquisition of 550 bedded Sahara Hospital, Lucknow.

Max Healthcare Institute acquires Starlit Medical Centre for Rs 940 crore

Within its current network, it has 3,533 beds, and following this acquisition, the total bed count would approximately touch around 4,083 beds

Max Healthcare to acquire Starlit Medical Centre in Rs 940 crore deal

Max Healthcare Institute Ltd on Friday said it will fully acquire Starlit Medical Centre Pvt Ltd for an enterprise value of Rs 940 crore thereby giving it the ownership of 550-bedded Sahara Hospital in Lucknow. The company has executed a binding share purchase agreement (SPA) for the acquisition of 100 per cent stake of Starlit Medical Centre Pvt Ltd, which had entered into a business transfer agreement with Sahara India Medical Institute Ltd for purchase of healthcare undertaking consisting of 550-bedded Sahara Hospital, Lucknow, on a slump sale basis, Max Healthcare Institute said in a statement. The SPA was executed for an enterprise value of Rs 940 crore through one of the company's wholly-owned subsidiaries, Crosslay Remedies Ltd (CRL), it added. This acquisition marks Max Healthcare's entry into Lucknow, one of the fastest growing cities of Uttar Pradesh, it said, adding Sahara Hospital is a tertiary care hospital, providing integrated healthcare services with availability of

Max Healthcare Q2 results: Net profit falls 39.5%; revenue up 19%

International patient revenue also grew by 25 per cent Y-o-Y

Max Healthcare Institute Q2 results: PAT rises 27% to Rs 338 crore

Max Healthcare Institute Ltd on Monday reported a 26.59 per cent rise in profit after tax to Rs 338 crore in the quarter ended September 30, 2023. The company had registered a profit after tax of Rs 267 crore in the same quarter last fiscal, Max Healthcare Institute said in a statement. Network gross revenue, including subsidiaries, managed hospitals and partner healthcare facilities, stood at Rs 1,827 crore as compared to Rs 1,567 crore in the year-ago period, up 16.59 per cent, it added. "Q2 results are in line with our expectations and reflect the continuous focus on execution at the grass-root level," Max Healthcare Institute Chairman and Managing Director Abhay Soi said. The company said all hospitals improved their average revenue per operating bed (ARPOB) during the period and the overall average growth in ARPOB stood at 13 per cent year-on-year (YoY). During the quarter, international patient revenue grew by 25 per cent as compared to the year-ago period, and the share of

Stocks to Watch today, Aug 08: Airtel, Max Health, GIC Housing, Sobha, BEML

Stocks to watch on August 08, 2023: Adani Ports, Coal India, Hindalco, Jet Airways, Oil India and Utkarsh SFB are few of the notable companies to announce June quarter earnings on Tuesday.

Max Healthcare Q1FY24 results: PAT up 27% to Rs 291 cr, revenue jumps 17%

Cash flow from operations stood at Rs 261 crore during the quarter, of which around Rs 38 crore were spent on capacity expansion projects

Max Healthcare, IIIT-Delhi tie up for healthcare research, education

Max Healthcare Institute on Tuesday said it has tied up with IIIT-Delhi to advance healthcare research and education in India. The partnership aims to leverage the strengths of both organisations to promote and conduct high-quality research, develop cutting-edge healthcare solutions, and design and deliver capability and capacity-building programmes for healthcare professionals. "This collaboration will enable us to leverage the latest advancements in technology to develop innovative solutions that can improve patient outcomes and enhance the quality of care," Max Healthcare Institute Group Medical Director Sandeep Budhiraja said in a statement. Additionally, it will bring together the complementary expertise of both the organisations to develop new tools and solutions that can address the public health priorities in India and beyond, he added. Max Healthcare and Indraprastha Institute of Information Technology, Delhi (IIIT-Delhi) have signed a Memorandum of Understanding (MoU) to

Stocks to Watch today, May 24: Adani Group, Max Health, Biocon, Manyavar

Stocks to watch on May 24, 2023: Cummins, Hindalco, India Cements, LIC, National Aluminium, Nykaa and Oil India among prominent companies scheduled to announce Q4 results on Wednesday.

FTSE ups Manyavar's weighting; Max Healthcare likely to make MSCI cut

Global index provider FTSE has increased the weightage of Vedant Fashions (Manyavar) in four of its indices

GQG Partners buys Max Healthcare shares for Rs 415 cr via open market

GQG Partners on Monday acquired shares of hospital chain Max Healthcare Institute for Rs 415 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), GQG Partners Emerging Markets Equity Fund bought 75,50,000 lakh shares of the firm. The shares were purchased at an average price of Rs 549.70 apiece, taking the transaction value to Rs 415 crore. Details about the sellers could not be immediately ascertained. Shares of Max Healthcare Institute gained nearly 1 per cent to close at Rs 550.45 apiece on the NSE. During the day, the scrip also touched its 52-week high of Rs 558.85 per share on the bourse. In a separate bulk deal, Morgan Stanley Investment Funds offloaded 9.60 lakh shares of Gland Pharma for Rs 89 crore. Morgan Stanley Investment Funds Emerging Markets Equity Fund sold 9,60,271 shares at an average price of Rs 930.69 apiece. This took the deal value to Rs 89.37 crore. On Monday, shares of Gland Pharma tu

Max Healthcare Institute's PAT soars 86% to Rs 320 crore in Jan-Mar quarter

Max Healthcare Institute on Tuesday said its profit after tax (PAT) jumped 86 per cent to Rs 320 crore in March quarter 2022-23 on account of improvement in operating metrics in hospitals and reduction in finance costs. The healthcare provider had reported a PAT of Rs 172 crore for January-March 2021-22. Net revenue increased to Rs 1,551 crore in the fourth quarter from Rs 1,224 crore in the year-ago period, Max Healthcare said in a statement. For the year ended March 31, 2023, it posted a PAT of Rs 1,328 crore as compared with Rs 752 crore in 2021-22. Net revenue rose to Rs 5,902 crore in FY23 as compared with Rs 4,981 crore in 2021-22. Max Healthcare Institute Chairman and Managing Director Abhay Soi said the company is actively but prudently evaluating inorganic growth opportunities. The company said its board has approved a final dividend of Re 1 per equity share for the year ended March 31, 2023. Shares of the company ended 2.49 per cent down at Rs 506.90 apiece on the BSE.

MSCI rejig impact: Adani Total Gas, Adani Transmission dip 5%; Max soars 6%

Among the new additions to the MSCI Small Cap index, KFIN Technologies, Syrma SGS Technology and Ujjivan Small Finance Bank have rallied up to 6 per cent.

HC appoints arbitrator in Max Healthcare, Care Hospitals dispute case

Max says as it has signed a term sheet with Quality Care for the acquisition of Care Hospitals, its offer should be decided first