Mumbai/ Nagpur, February 16, 2024: Max Healthcare Institute Ltd, one of India’s largest private healthcare provider, today announced the successful acquisition of Alexis Multi Speciality Hospital. Following the successful acquisition of Alexis Hospital, it will now be called Max Super Speciality Hospital, Nagpur.
Max Healthcare has acquired 100% stake in Alexis Multi-Speciality Hospital Private Limited for an Enterprise Value of INR 412 Crores. This acquisition aligns with Max Healthcare’s mission to provide best-in-class clinical care to patients in Western and Central India.
The acquisition will bring about operational synergies, enhance efficiencies in healthcare delivery. Max Healthcare is dedicated to ensuring continuity of care and a smooth integration process, with a focus on maintaining the highest standards of medical excellence and patient satisfaction.
Commenting on the acquisition, Mr. Abhay Soi, Chairman and Managing Director, Max Healthcare Institute Ltd., said: "We are thrilled to announce the successful completion of the acquisition of Alexis Hospital. This milestone marks a significant step forward in our growth strategy, allowing us to harness new opportunities, expand our capabilities, and deliver greater value to our patients in this region. We are excited about the possibilities that lie ahead and remain committed to providing best-in-class healthcare services to our patients."
Mrs. Zanubia Shams, Co-Chairperson, Zulekha Healthcare Group said: "We extend our best wishes to the team at Max Super Speciality Hospital, Nagpur as they embark on this exciting new phase, and we look forward to witnessing their continued success."
Alexis Hospital, established in 2016, only JCI-accredited hospital in the city, providing high-end tertiary care services such as Organ Transplant, Oncology (including Radiation), Neurology, Cardiology, Gastroenterology and diagnostics facilities under one roof.
About Max Healthcare:
Max Healthcare Institute Limited (MHIL) is one of India’s largest hospital chains (considering only income from healthcare services) in fiscal 2023. It is committed to the highest standards of medical and service excellence, patient care, scientific and medical education.
MHIL has major concentration in North India consisting of a network of 18 healthcare facilities. Out of the total network, eight hospitals and four medical centres are located in Delhi and the NCR and the others are located in the cities of Mumbai, Nagpur, Mohali, Bathinda and Dehradun. The Max network includes all the hospitals and medical centres owned and operated by the Company and its subsidiaries, partner healthcare facilities and managed healthcare facilities. These include state-of-the-art tertiary and quaternary care hospitals at Saket, Patparganj, Vaishali, Rajendra Place, and Shalimar Bagh in Delhi NCR and one each in Mumbai, Nagpur, Mohali, Bathinda and Dehradun, secondary care hospital in Gurgaon and Day Care Centres at Noida, Lajpat Nagar and Panchsheel Park in Delhi NCR and one in Mohali, Punjab. The hospitals in Mohali and Bathinda are under PPP arrangement with the Government of Punjab.
In addition to its core hospital business, MHIL has two SBUs - Max@Home and Max Lab. Max@Home is a platform that provides health and wellness services at home and Max Lab offers diagnostic services to patients outside its network.
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