Max Healthcare acquires Nagpur-based Alexis Hospital for Rs 412 cr


Max Healthcare Institute on Friday mentioned it has acquired Nagpur-based Alexis Multi-Speciality Hospital Pvt Ltd. (Alexis) for an enterprise worth of Rs 412 crore.

The 200-bed hospital is recognised by Joint Fee Worldwide (JCI), a worldwide chief in well being care accreditation “The hospital has a constructed up space of round 2.25 lakh sq. ft and presents multidisciplinary care within the areas of gastroenterology, neurosurgery, cardiology, transplants and associated diagnostic services,” mentioned Max Healthcare in a submitting with the BSE.

The hospital’s capability will be expanded to 340 beds in view of the land’s ground space ratio and current construction. “Additional, the hospital medical programme will be additional strengthened within the surgical specialties like Cardiothoracic and Vascular Surgical procedure (CTVS), Urology, Oncology and Neurosciences, resulting in an enchancment in common income per occupied mattress and occupied mattress days,” mentioned the corporate in a press launch.

Alexis Hospital’s present run charge of income and Ebitda (earnings earlier than curiosity, taxes, depreciation, and amortisation) is estimated to be Rs 150 crore and Rs 25 crore. “The hospital is producing money and has good model fairness out there within the area,” mentioned Max Healthcare.

Abhay Soi, chairman and managing director of Max Healthcare Institute, mentioned that the acquisition is “in step with our imaginative and prescient to increase our footprint in Tier-II cities with abundance of scientific expertise and developed non-public healthcare infrastructure”.

“Alexis Hospital acquisition will strengthen Max Healthcare’s presence within the Maharashtra area. With this addition, Max Healthcare now has 4 JCI accredited services in its community,” he mentioned.

First Printed: Feb 09 2024 | 2:10 PM IST

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