NEW DELHI: Max Healthcare is set to acquire the remaining 49% stake in the erstwhile Saket City Hospital in South Delhi from BK Modi Group firm Smart Health City Pte Ltd for a little over Rs 300 crore, said a person familiar with the development.
Max Healthcare, one of the leading hospital chains in the National Capital Region, had in October last year acquired 51% stake in the hospital, which has since been rechristened Max Smart Super Speciality Hospital, Saket, for about Rs 350 crore.
Rahul Khosla, chairman at Max IndiaBSE 1.25 %, the holding company of Max Healthcare (MHC), told ET the hospital chain would acquire the balance stake in Saket City Hospital in due course after getting all the regulatory approval. Khosla, who is also president of Max Group, refused to divulge financial details of the proposed transaction.
Analjit Singh’s Max India was last year demerged into three entities — Max Financial Services, Max-Ventures & Industries, and Max India.
While the first two are already listed, Max India is set to list and start trading on the BSEand National Stock Exchange on Thursday, July 14.
Max India is the holding company of Max Healthcare, in which it holds 45.95% stake, Max Bupa Health Insurance, with 51% stake, and Antara Senior Living, which is a wholly owned subsidiary. Going forward, Khosla said Max Healthcare plans to focus on laboratory services and home care.
