Max Healthcare Institute Ltd.

BSE: 543220 | NSE: MAXHEALTH
Large Cap | Hospital & Healthcare Services
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Max Healthcare acquires rights to develop, provide medical services to proposed hospital in South Delhi

Date: 28-08-2021

Max Healthcare Institute (MHIL) has acquired exclusive rights to aid development and provide medical services to a 500 bed hospital to be built on a 3.5 acres of a prime land parcel in Saket (South Delhi) through its wholly owned subsidiary, Alps Hospital (ALPS).

ALPS has acquired 100% stake in ET Planners (ETPPL) in an all cash deal. ETPPL has exclusive and long term rights to provide medical services in key specialties and aid development of a Children’s Hospital  on this 3.5 acres of land, situated between Max Super Specialty Hospital, Saket and Max Smart Super Speciality Hospital, a unit of Gujarmal Modi Hospital and Research Centre for Medical Sciences.

This will allow integration of existing Max Network hospitals, thus enabling creation of a 2,300+ bed contiguous medical hub spread over 23 acres of land. The first phase of the Hospital is expected to be commissioned in the year 2024. This also marks the end of 11 years long litigation, post grant of a unanimous award in favour of MHIL in the ongoing arbitration proceedings.

Max Healthcare Institute offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda.