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Max Healthcare to invest ₹2,500 crore to develop hospitals in Lucknow

Livemint

Livemint · 1y ago

Max Healthcare to invest ₹2,500 crore to develop hospitals in Lucknow

Delhi-based private hospital chain, Max Healthcare Institute Ltd (MHIL), has announced plans to invest ₹2,500 crore in developing hospitals in Lucknow and expanding its presence in Uttar Pradesh (UP). The investment includes the development of a new 500-bed hospital and expanding the capacity of the recently-acquired Max Super Specialty Hospital in Lucknow. This investment is part of MHIL's larger plan to invest ₹5,000 crore in doubling its capacity across its network of hospitals over the next few years. The company expects to create employment opportunities for over 10,000 people through these investments.

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Max Healthcare acquires Starlit Medical Centre for Rs 940 crore

IndianStartupNews

IndianStartupNews · 1y ago

Max Healthcare acquires Starlit Medical Centre for Rs 940 crore

Indian private healthcare services provider Max Healthcare Institute has acquired Starlit Medical Centre for Rs 940 crore ($125 million). The acquisition includes the 550-bed Sahara Hospital in Lucknow, housed in a 17-storey building with a built-up area of 890,000 sq ft. Max Healthcare aims to bring high-end medical programs to Lucknow, such as oncology and organ transplants, and strengthen existing programs. The company sees this acquisition as an opportunity to expand into tier I and II cities with established healthcare infrastructure.

PolicyBazaar parent to back healthcare push with Rs 696 Cr investment

YourStory

YourStory · 5m ago

PolicyBazaar parent to back healthcare push with Rs 696 Cr investment

PB Fintech, PolicyBazaar's parent company, will invest Rs 696 crore in its healthcare arm, PB Healthcare Services, acquiring up to 33.63% equity. This investment, subject to shareholder approval, will finance equity shares and CCPS in FY 2025-26. PB Healthcare plans to establish 1,000-bed hospitals starting in NCR, later expanding. The initiative focuses on long-term customer value in healthcare, partnering with hospitals and insurers to streamline operations and boost industry growth.

Exclusive: KKR plots platform deal to re-enter Indian hospital sector

VCCircle

VCCircle · 1y ago

Exclusive: KKR plots platform deal to re-enter Indian hospital sector

Global private equity firm KKR is reportedly considering re-entering the Indian hospital sector by building a hospital platform. This comes two years after KKR sold its stake in Max Healthcare Institute Ltd for nearly $2 billion. The firm is said to be in advanced discussions with potential partners to establish the platform, which would allow it to invest in and operate multiple hospitals in India.

PE hospital buyouts, pharma M&As in healthcare highlights of the year

VCCircle

VCCircle · 1y ago

PE hospital buyouts, pharma M&As in healthcare highlights of the year

In 2023, the most noteworthy trend in the Indian healthcare industry was the acquisition and investment of multi-speciality or single-speciality hospitals by global private equity firms and Indian companies such as Manipal Hospitals and Max Hospital. This surge in hospital buyouts reflects the increasing demand for private healthcare services following the Covid-19 pandemic.

Regency Health Bags Rs 450 Crore In Investment from Norwest Venture Partners

OutlookIndia

OutlookIndia · 1y ago

Regency Health Bags Rs 450 Crore In Investment from Norwest Venture Partners

Regency Health, a chain of hospitals in Uttar Pradesh, has secured a Rs 450 crore investment from Norwest Venture Partners. The funding aims to expand Regency Health's bed capacity from 700 to 2300 by 2027. The company plans to open new facilities in Gorakhpur, Kanpur, Varanasi, and Lucknow. Existing investors IFC, HealthQuad, and Koi Ventures will exit the company as part of this round. Regency Health aims to transform healthcare in Uttar Pradesh and serve the people of the state.

Morgan Stanley PE emerges frontrunner to bet on urology chain

VCCircle

VCCircle · 1y ago

Morgan Stanley PE emerges frontrunner to bet on urology chain

Morgan Stanley Private Equity Asia is reportedly a leading contender to invest in an Indian healthcare company specializing in urology and laparoscopy hospitals. The private equity firm has partnered with healthcare-focused PE firm InvAscent for the potential investment.

Advent International to invest $296 mn in Apollo Hospital unit

VCCircle

VCCircle · 1y ago

Advent International to invest $296 mn in Apollo Hospital unit

US private equity firm, Advent International, has agreed to invest INR 2,475 crore ($296m) to acquire a minority stake in Apollo HealthCo. The investment will allow for the merger of wholesale pharma distribution company Keimed and digital healthcare business Apollo 24/7. Advent will invest in two tranches to acquire a 12.1% stake in the merged entity, giving Apollo HealthCo an enterprise value of INR 22,481 crore. Following the merger, Apollo Hospitals will remain the largest controlling shareholder with a stake of at least 59.2%.

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

Livemint

Livemint · 1y ago

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

Max Healthcare Institute has acquired Nagpur-based Alexis Multi-Speciality Hospital for ₹412 crore. The 200-bed hospital can potentially expand its capacity to 340 beds. This acquisition aligns with Max Healthcare's strategy of expanding its presence in tier-2 cities with strong healthcare infrastructure. The move will strengthen Max Healthcare's presence in Maharashtra.

ISN Exclusive: ex-Ola executive Varun Dubey starts up a hospital chain, in talks to raise seed funding

IndianStartupNews

IndianStartupNews · 2m ago

ISN Exclusive: ex-Ola executive Varun Dubey starts up a hospital chain, in talks to raise seed funding

Former Ola CMO Varun Dubey has launched a hospital chain startup, Superhealth Hospitals Pvt Ltd, based in Bengaluru. He's in discussions to raise Rs 12-13 crore in seed funding from Sparrow Capital. Drawing from his healthcare experience with Practo and Apollo Hospitals, Dubey plans to establish small hospitals in various cities. Supported by ex-Practo executives Dr. Alexander Kuruvilla and Manoj Kumar Gangasandra, Dubey aims to revolutionize patient and doctor experiences in healthcare.

Aster DM Healthcare to invest ₹1,400 crore in expansion across India

Business Today

Business Today · 4m ago

Aster DM Healthcare to invest ₹1,400 crore in expansion across India

Aster DM Healthcare plans to invest Rs 1400 crore to expand its network in India by adding 1,700 beds by FY27. This includes investments in Kerala, Karnataka, and Hyderabad, with ₹850 crore in Kerala alone. Projects include a new hospital in Trivandrum and expanded facilities in Kasaragod and Kochi. With a merger, Aster has consolidated its assets, now operating 38 hospitals with over 10,000 beds across 27 cities, also focusing on digital health services.

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