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Max Healthcare Institute to infuse ₹5,000 Crore for doubling capacity

16 Apr 2024 , 02:37 PM

According to Max Healthcare Institute Ltd's Chairman and MD, Abhay Soi, the company would invest more than ₹5,000 Crore to more than quadruple its bed capacity to over 8,000 beds over the next four to five years, with half of the investment going into Uttar Pradesh.

The business, which purchased Sahara Hospital in Lucknow last year for ₹940 Crore, has renamed it Max Super Specialty Hospital, Lucknow.

It intends to invest ₹2,500 Crore in Uttar Pradesh (UP), including the construction of a new 500-bed hospital on a 5.6-acre plot of land near Shaheed Path and the expansion of capacity at the purchased facility.

The healthcare company intends to create more than 10,000 jobs in the state through its two locations.

"UP is a state aiming to become a USD 1 trillion economy by 2027. There is a significant lot of development going on.

In terms of imminent development in Uttar Pradesh, he stated that the business is "looking at expanding by another 300-odd beds going forward" at Max Super Specialty Hospital in Lucknow, which has 550 beds.

"In addition, we have bought property for a greenfield hospital on Shaheed Path with 500 beds. Between these, we will have nearly 2,000 beds in the next years. This will require an investment of ₹2,500 Crore and would employ more than 10,000 people.

According to him, this will make Max Healthcare the largest private healthcare network in UP. When asked if Max Healthcare Institute will just focus on UP for future growth, he said no.

On total development in India, he stated that investments will exceed ₹5,000 Crore over the next four to five years, more than doubling bed capacity to over 8,000 beds.

Currently, the firm has 4,000 operating beds and plans to add another 4,200 in the next four to five years.

For feedback and suggestions, write to us at editorial@iifl.com

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  • Max Healthcare Institute
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