Max Healthcare Institute (MHIL) has entered into a share purchase agreement (SPA) to acquire controlling stake in Kalinga Hospital (KHL) from Hospital Corporation of Orissa Inc. Under the agreement, MHIL shall acquire 58.4% stake in KHL at an equity value of Rs 300 crore (including control premium).
The 250 bed NABH accredited hospital is built on a around 10-acre land parcel at Maitri Vihar, Bhubaneswar, a prime location in the heart of the city. Spread over around 2,60,000 sq. ft., the hospital provides multidisciplinary care across major specialties, including Neurology, Cardiology, Orthopaedics, Gastroenterology, Renal Sciences and Oncology; backed by diagnostics and equipped with a 128-slice CT scanner, 1.5T MRI, and Cath Lab, etc. The acquisition of KHL will lead to expansion of company’s footprint in the country. Kalinga Hospital being a running hospital, will also add revenue and profitability to the Group. The said acquisition is expected to be completed within 4-6 weeks from execution of SPA.
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. | 7646.40 |
| Max Healthcare Inst | 990.00 |
| Narayana Hrudayalay | 1797.25 |
| Aster DM Healthcare | 682.75 |
| Global Health | 1087.95 |
| View more.. | |
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