Max Healthcare Institute has executed binding Share Purchase Agreement (SPA) for acquisition of 100% stake of Starlit Medical Centre (Starlit) for an Enterprise Value of Rs 940 crore through one of its wholly owned subsidiaries, Crosslay Remedies (CRL).
Starlit had entered into a Business Transfer Agreement (BTA) with Sahara India Medical Institute for purchase of Healthcare Undertaking consisting of 550 bedded Sahara Hospital, Lucknow, on a slump sale basis.
The hospital is located on a land parcel of around 27 acres at Gomti Nagar, Lucknow, an upmarket residential and commercial hub. It is housed in a 17 storey building with a built-up area of around 8.9 lakh sq ft. and offers multi-disciplinary care in various specialities like Gastroenterology, Neuro, Surgery, Cardiology, Pulmonology and diagnostics facilities. It also has a Nursing College on the same premises, which offers GNM, BSc and MSc courses, with annual intake of 100 plus students.
This acquisition marks Max Healthcare’s entry into Lucknow, one of the fastest growing cities of Uttar Pradesh. Max Healthcare will bring high end medical programmes such as Oncology, Organ Transplants and also strengthen the existing programmes like Orthopaedics, Cardiac Sciences, Neurosciences, Renal Sciences, etc.
Max Healthcare Institute offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7699.05 |
| Max Healthcare Inst | 1006.90 |
| Narayana Hrudayalay | 1825.55 |
| Aster DM Healthcare | 688.30 |
| Global Health | 1089.55 |
| View more.. | |
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