Gross revenue of the company stood at Rs 610 crore during the quarter under consideration as against Rs 1,059 crore in the same period a year ago
Industry and govt working on SOPs to ensure safe passage and procedure
At close, the company is valued at Rs 10,108 crore; firm has been created following demerger of Max India's hospital business and subsequent merger of Radiant Life Care
In June, Max India said that the NCLT had approved the composite scheme of merger and demerger which involved a merger of the healthcare assets of Max India into Max Healthcare
Max Healthcare, the country's second-largest hospital chain in terms of revenues, is all set for a listing on the bourses this month
Max India completes merger of Radiant Life's hospital assets with self
Radiant is in the process of demerging its health care business into Max Healthcare
He said insurance business is well template, it has attracted and retained professional management at a much higher level than in healthcare
Newly listed combined entity, with equity valuation of Rs 72.42 bn to be promoted by Abhay Soi, co-promoted by KKR; Max India to demerge non-healthcare biz into a new listed entity
Radiant Life Care to emerge as significant player
With the Max Healthcare deal, Radiant would have access to 14 hospitals led by Max
Investment firm KKR, through its portfolio company Radiant Life Care Private Limited, will buy more than 266 million shares in Max Healthcare at 80 rupees per share
Max Healthcare authorities declined to share details on the appropriate government authority approached by them.
Max Healthcare Institute Lto lines up around $325 million to acqurie balance stake in Saket City Hospital Private Limited (SCH) and general capital expansion of Max Healthcare Institute Limited (MHIL). The proposed investment will be backed by IFC.The total Project cost is approximately $325 million. The proposed IFC's investment comprises subscription of upto Rs 487.5 crore ($75 million) in secured Non-Convertible Debentures (NCDs) of MHIL. The Project comprises acquisition of balance 49 per cent of Saket City Hospital Private Limited (SCH) and general capital expansion of Max Healthcare Institute Limited (MHIL), according to IFC.MHIL is exploring possibilities to fund the acquisition from overseas market and External Commercial Borrowings cannot be used for such acquisition. IFC with its ability to subscribe to an NCD under its FPI (Foreign Portfolio Investor) license is uniquely positioned to provide the necessary funding with the requisite tenor and amount for the acquisition ...