The gains were cornered on the back of a strong outlook for the sector and aggressive expansion plans for the chain led by acquisitions and organic growth.
The company recently acquired a 64 per cent equity stake in Jaypee Healthcare (JHL) with an option agreement for the acquisition of the remaining 36 per cent stake through cash consideration, including the refinancing of debt of JHL at an enterprise value of ₹1,660 crore.
“Max Healthcare continues to enhance its presence in the NCR region and Uttar Pradesh as is evident from this deal and the Sahara hospital acquisition in the recent past. The network hospitals are running at 75 per cent plus occupancy,” said Sumit Gupta and Varad Patil of Centrum Research.
This story is from the September 26, 2024 edition of Business Standard.
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This story is from the September 26, 2024 edition of Business Standard.
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