Page 4 - Max Healthcare

Max Healthcare net profit at Rs 190 cr in December quarter

The company had posted a PAT and share of associates at Rs 90.36 crore for the year-ago period, Max Healthcare said in a regulatory filing

Max Healthcare Institute signs deal to acquire Eqova Healthcare

Max Healthcare Institute on Friday said it has inked a deal to acquire Eqova Healthcare, a company with long-term exclusive rights to aid development and provide medical services to an upcoming 400-bed hospital. The hospital, which is owned by Nirogi Charitable and Medical Research Trust, will come up at Patparganj, Delhi. "This new hospital will allow us to cater to the need for quality healthcare of the East Delhi community and fortify our network footprint in NCR in a synergistic manner. "It will further enable us to bring high-end clinical programmes and technologies to the region and also help us to continue serving the indigent patient community," Max Healthcare Institute Chairman and Managing Director Abhay Soi said in a statement. The healthcare provider said it aims to acquire the firm by way of upfront purchase of 26 per cent stake, with an Escrow mechanism set up for additional 34 per cent, under call/put options, to be exercised linked to achievement of certain ...

Budget 2022, LIC IPO update can spark up to 11% rally in insurance stocks

Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.

Max Healthcare to invest $450 mn over next 4 years to double India capacity

The investment will help boost capacity at existing hospitals as well as augment the firm's land holdings further, according to Soi.

Bulls in-charge: Over 50% stocks from Nifty500 trade above major support

Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs

Max Healthcare reports jump in net profit to Rs 145 cr in Sept quarter

Max Healthcare Institute on Friday reported a jump in its consolidated net profit to Rs 144.65 crore for the quarter ended September 30

Corporate hospitals expect revenue and margins to surpass pre-Covid times

Non-Covid occupancies, higher average revenue per occupied bed, cost rationalisation driving growth

Max Healthcare plans Rs 1,600 cr investment to add 1,000 beds in Gurugram

Max Healthcare Institute on Monday said it plans to invest around Rs 1,600 crore to expand its capacity in the national capital region by adding around 1,000 beds in Gurugram, Haryana. The company, "is further fortifying its presence and expanding its bed capacity in NCR by addition of two hospitals of around 500 beds each in Gurugram," Max Healthcare Institute said in a regulatory filing. The Max Healthcare board approved the expansion plan in a meeting held earlier in the day, it added. "The overall investment is expected to be approximately Rs 1,600 crore. The expansion plan is proposed to be funded by internal accruals, borrowings and / or such other modes as may be permitted under the applicable laws," Max Healthcare Institute said. For the two hospitals, two land parcels measuring around 6.11 acres and around 5.26 acres are being allotted by HSVP (Haryana Shahri Vikas Pradhikaran) post successful bid by the company in a recent HUDA auction, it added. "The two newly acquired

PE firm KKR affiliate sells part of its stake in Max Healthcare

The shares were sold by Kayak Investment holdings, an affiliate of the private equity firm KKR for Rs 350 per share

Kayak Investments pares stake in Max Healthcare; sells 84.4 million shares

Kayak Investments Holding, one of the promoter entities of Max Healthcare Institute Ltd, on Wednesday sold 84.4 million shares of the company for Rs 2,956 crore through open market transactions

Hospital stocks in demand; Apollo, Fortis, Max Healthcare hit new highs

In the past one week, Apollo Hospitals Enterprises, Fortis Healthcare and Max Healthcare have surged between 12 per cent and 15 per cent as compared to a 2 per cent rise in the S&P BSE Sensex

Max Healthcare posts Q1 consolidated net profit of Rs 146.92 crore

Max Healthcare Institute on Tuesday reported a consolidated net profit of Rs 146.92 crore for the quarter ended June 30, 2021.

Max Healthcare gains 8%, hits new high post June quarter results

HDFC Securities believes the company is entering a high-growth phase, owing to significant expansion it has planned at strategic locations

Profitability expectations to drive more gains for Max Healthcare

KKR-owned chain deserves higher valuations due to margins, premium locations, say analysts

Max Healthcare profit after tax up 31% to Rs 70 crore in March quarter

Max Healthcare on Friday reported 31.11 per cent rise in consolidated profit after tax (PAT) at Rs 69.69 crore for the quarter ended March 31, 2021. The company had posted a PAT of Rs 53.15 crore for the corresponding period of the previous fiscal year, Max Healthcare Institute said in a filing to BSE. Revenue from operations stood at Rs 801.86 crore for the quarter under review. It was Rs 247.86 crore in the same period a year ago, it added. For the fiscal year ended March this year, the company posted a loss of Rs 137.55 crore as against a PAT of Rs 58.99 crore in 2019-20, the filing said. Revenue from operations stood at Rs 2,504.67 crore in the last fiscal year. It was Rs 1,059.03 crore in 2019-20, it added. Net debt during the quarter reduced by Rs 1,323 crore to Rs 544 crore on account of net proceeds of QIP and cash flow from operations, Max Healthcare said. "With ample room to scale up existing occupancies and improved international revenue share post abatement of the se

Max Healthcare Institute raises Rs 1,200 crore via QIP issue route

Max Healthcare Institute Ltd (MHC) on Wednesday said it has raised Rs 1,200 crore via issue of securities.

Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump

Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).

Analjit Singh, Max Ventures sell Max Healthcare shares worth Rs 516 crore

Singh sold his entire stake of 0.64 per cent stake worth Rs 64.41 crore in Max Healthcare, which, according to Friday's closing price, has a market capitalisation of Rs 11,877 crore

Two promoters of Max Healthcare Institute sell shares worth over Rs 515 cr

Through separate transactions, Wf Asian Reconnaissance Fund and Smallcap World Fund Inc picked up 77 lakh shares and 2.37 crore scrips of Max Healthcare Institute, respectively

Max Healthcare Institute surges 19% after 5.2% equity changes hands on BSE

Around 47 million equity shares of Max Healthcare Institute changed hands on the BSE