The board of Max Healthcare Institute at its meeting held on 08 April 2026 has approved to enter into a share purchase agreement (SPA) for the acquisition of a controlling stake (~58.39%) in Kalinga Hospital (KHL), which operates a 250-bedded Multi-Specialty Hospital by the name of ‘Kalinga Hospital’ in Bhubaneswar, Orissa.
Further, the board has approved to provide loans up to Rs 100 crore to KHL towards cost of construction, renovation, upgradation, equipment, etc. The Board has also approved the issuance of a corporate guarantee to Bank/ Financial Institution for refinancing of external commercial borrowings of the existing promoter of KHL of $5 Mn (along with interest due thereon).
Also, the board has approved the senior secured term loan of an amount up to Rs 300 crore in the form of external commercial borrowings for financing the acquisition.
Source: Business-Standard