Max Healthcare to add over 300 beds in NCR; Will operate and manage upcoming hospital in Dwarka

20 Jan 2022 , 02:55 PM

Max Healthcare Institute Ltd (MHIL), one of India’s largest private healthcare services companies today announced that it has entered into a long term services agreement with Muthoot Hospitals Private Limited (MHPL) for operations and management (O&M) of ~ 300+ beds hospital being constructed and developed at Sector 10 Dwarka, New Delhi.

The company said in a filing that this is the First Phase Hospital on ~ 8.62 acres of land and has the potential to add another 1000+ beds in due course of time. The current arrangement is, however, restricted to First Phase Hospital only. The Hospital shall be operated under the name and style of Max Super Speciality Hospital, Dwarka.

The construction of 10-storey hospital building is in full swing, with structural work near completion and MEP and civil finish tendering is in progress. The Hospital, with roads on all four sides, is located on a 45m wide sector road and has been designed by HKS India. First Phase Hospital, beside others shall have ~ 100 ICU beds, 10 OTs, 2 Cath Labs and Linac bunkers etc. The Hospital is expected to commence its operations in the second half of 2023.

Abhay Soi, Chairman and Managing Director, Max Healthcare said, “We are proud to be associated with MHPL and excited at the prospect of extending our services and provide care to communities living in South-West Delhi. The arrangement underscores the focus and success of our strategic asset light model of growth and to start with, it will add 8% to our overall capacity in near future.

The new hospital will allow us to further strengthen our presence in Delhi NCR. The hospital will be committed to the highest standards of clinical excellence, research, academics and patient care, serving both domestic and international patients.”

Towards last hour of trade on Thursday, Max Healthcare Institute Ltd was trading at Rs384.10 per piece down by Rs0.25 or 0.07% from its previous closing of Rs384.35 per piece on the BSE.