24×7 Live News

US Top news

Max Healthcare buys Alexis for Rs 412 crore

New Delhi: Max Healthcare announced acquisition 100% stake in alexis Multi-Specialty hospital (Alexis) for enterprise value Rs 412 crore,
According to a company statement, the 200-bed hospital, owned and operated by Alexis, is a JCI-accredited facility located near Nagpur, providing multidisciplinary care in gastroenterology, neurosurgery, cardiology, transplant.
Abhay Soi, Chairman and Managing Director, Max Healthcare, said, “The acquisition of Alexis Hospital is in line with our vision to expand our footprint in tier II cities with abundant clinical talent and developed private healthcare infrastructure. Is conforming.
The acquisition of Alexis Hospital will strengthen our presence in the Maharashtra region. With this addition, we now have four JCI accredited facilities in our network.”
This comes after Max acquired the 550-bed Sahara Hospital in Lucknow for an enterprise value of Rs 940 crore in December last year.
The current run rate of revenue and EBITDA for Alexis is around Rs 150 crore and around Rs 25 crore respectively.
The bed capacity can be increased to approximately 340 beds after necessary regulatory approvals.

Source link


Your email address will not be published. Required fields are marked *