Team Blitz India
NEW DELHI: In a move to expand its presence in Tier I and II cities, Max Healthcare Institute (MHIL) announced the signing of a share purchase agreement for the acquisition of 100 per cent stake in Starlit Medical Centre.
The deal, facilitated through MHIL’s subsidiary, Crosslay Remedies, involves an enterprise value of Rs 940 crore.
Currently, Max Healthcare operates 17 healthcare facilities spanning Delhi-NCR, Haryana, Punjab, Uttarakhand, and Maharashtra.
Within its current network, it has 3,533 beds, and following this acquisition, the total bed count would approximately touch around 4,083 beds.
In the financial year 2023-24, it plans to add 300 beds. Max Healthcare aims to further expand capacity by incorporating over 4,000 additional beds. Around 2,600 beds are expected to be added in the next four years.
