Max Healthcare acquires Nagpur-based Alexis Hospital for Rs 412 crore
The facility has potential to increase its bed capacity from 200 operational beds to 340 beds after necessary regulatory approvals.
)
01:16 PM IST
Max Healthcare Institute on Friday said it has acquired Nagpur-based Alexis Multi-Speciality Hospital Pvt Ltd for Rs 412 crore.
The 200-bed hospital is set up on a land parcel of 2-acre at Mankapur, north of Nagpur.
The facility has potential to increase its bed capacity from 200 operational beds to 340 beds after necessary regulatory approvals.
"The acquisition of Alexis Hospital is in line with our vision to expand our footprint in tier-2 cities with abundance of clinical talent and developed private healthcare infrastructure," Max Healthcare Institute Chairman and Managing Director Abhay Soi said.
Alexis Hospital acquisition will strengthen company's presence in Maharashtra region, he added.Shares of Max Healthcare were trading at a loss of 0.42 per cent at Rs 866.4 apiece on the BSE.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
Analysts' Top Stock Picks: BHEL, Vedanta, Federal Bank among others on radar
KKR to acquire controlling stake in Baby Memorial Hospital for Rs 2000 crore
Max Healthcare, Apollo Hospitals fall up to 5 per cent; here’s why
