Max Healthcare expands its bed capacity with the addition of two hospitals in Gurugram

The hospitals, once operational, will also cater to the economically weaker section of the society at concessional rates.

Oct 05, 2021 02:10 IST India Infoline News Service

Max Healthcare
Max Healthcare Institute Limited (MHIL) is further fortifying its presence and expanding its bed capacity in the NCR region by the addition of two hospitals of ~500 beds each in Gurugram. This will significantly ramp up its existing footprint in the NCR region and help serve the healthcare needs of ever-expanding communities in Gurugram.

The Max Healthcare board approved the expansion plan in a meeting held earlier on Monday.

As per the regulatory filing, two land parcels measuring ~6.11 acres and ~5.26 acres are being allotted by HSVP (Haryana Shahri Vikas Pradhikaran) post successful bid by the Company in a recent HUDA auction and are located in the heart of Gurugram abutting well-populated areas of Sectors 53 on the Golf Course Road and Sector 56 just minutes away from the other location. At present, Max Healthcare runs a multi-speciality Hospital in Sector 43, Gurugram. An LoI was issued to this effect by HSVP on Oct 01 2021.

Dr Abhay Soi, Chairman and MD, Max Healthcare said, “Gurugram has emerged as one of the largest medical hubs for high-end care in North India. We see a huge potential both in terms of domestic as well as international patients travelling to Gurugram for the treatment of complex diseases. The two newly acquired land parcels will be constructed in a phased manner, adding ~1,000 beds over the next 4-6 years and will further strengthen our presence in NCR.”

The hospitals, once operational, will also cater to the economically weaker section of the society at concessional rates.

This comes shortly after the Company’s recent announcement for expansion at its Saket Complex in New Delhi, post acquiring exclusive rights to aid development and provide medical services to a 500-bed hospital to be built on a 3.5-acre land parcel leading to the creation of South Asia’s largest private integrated healthcare complex, spread over 23 acres in the heart of South Delhi.

At around 1.57 pm, Max Healthcare was trading at Rs355 per piece up 0.6% on Sensex. 

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