Max Healthcare Institute inches up on completing acquisition of Alexis

Max Healthcare Institute is currently trading at Rs. 851.90, up by 0.65 points or 0.08 % from its previous closing of Rs. 851.25 on the BSE.

The scrip opened at Rs. 853.15 and has touched a high and low of Rs. 855.50 and Rs. 842.75 respectively. So far 6651 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 909.00 on 13-Feb-2024 and a 52 week low of Rs. 412.00 on 06-Apr-2023.

Last one week high and low of the scrip stood at Rs. 874.35 and Rs. 838.60 respectively. The current market cap of the company is Rs. 82889.80 crore.

The promoters holding in the company stood at 23.75%, while Institutions and Non-Institutions held 72.26% and 3.99% respectively.

Max Healthcare Institute has completed the acquisition of 100% equity stake of Alexis Multi-Speciality Hospital (Alexis) upon acquisition of remaining 0.10% of equity shares. Consequently, Alexis has become a wholly-owned subsidiary of the Company.

Earlier, the company had acquired 99.90% equity stake in Alexis. The 200 bedded hospital owned & operated by Alexis is a JCI accredited facility located on a land parcel of around 2 acres at Mankapur, North of Nagpur - an upmarket residential and commercial hub. The hospital has G+6 floors and a basement with built up area of around 2.25 Lakh sft and offers multidisciplinary care in the areas of Gastroenterology, Neurosurgery, Cardiology, Transplants, related diagnostic facilities etc. The hospital is equipped with high end bio medical equipment like Varian True Beam LINAC, 128 Slice CT Scan, 3 Tesla MRI, Digital X Ray, ARTIS Q Cath Lab, etc.

The bed capacity can be expanded to around 340 beds in view of the availability of the FAR for the given land and the strength of the existing structure. Further, the hospital medical program can be further strengthened in the surgical specialties like CTVS, Urology, Oncology & Neurosciences leading to improvement in average revenue per occupied bed (ARPOB) and occupied bed days (OBD). This acquisition further strengthens Max Healthcare’s footprint in Western India and will enable provisioning of best in class clinical care to all patients in the region.

Max Healthcare Institute offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda.