Max Healthcare to Acquire 64% Stake in Jaypee Healthcare, Strengthening
Max Healthcare Institute Limited has announced its acquisition of a controlling 64% stake in Jaypee Healthcare, a prominent player in the healthcare sector, as part of a strategic expansion plan. This transaction, based on an enterprise value of Rs 1,660 crore, is designed to enhance Max Healthcare’s operational footprint across the Noida and Bulandshahr regions. Jaypee Healthcare, currently undergoing a Corporate Insolvency Resolution Process, owns and operates hospitals in Noida, Bulandshahr, and Anoopshahar.
The acquisition, expected to be finalized within the next 30 days, follows a revival plan approved by the National Company Law Appellate Tribunal (NCLAT). Max Healthcare will arrange debt funding to facilitate the repayment of financial creditors’ claims. With this acquisition, Max Healthcare gains operational control of two hospitals—Jaypee Hospital in Noida (500 beds) and Jaypee Hospital in Bulandshahr (200 beds), situated on 18 and 5.75 acres, respectively. Additionally, Jaypee Healthcare owns a 100-bed non-operational facility in Anoopshahar spread over 2.35 acres.
In the financial year 2023-24, Jaypee Healthcare reported revenue of Rs 421 crore and an EBITDA of Rs 70 crore. Max Healthcare’s involvement in the revival plan aims to enhance the operational efficiency of Jaypee Healthcare, providing sustainable healthcare solutions to the region.
Commenting on the acquisition, Abhay Soi, Chairman and Managing Director of Max Healthcare Institute, stated, “Our focus remains on building a comprehensive strategy that benefits all stakeholders while ensuring the highest standards of healthcare delivery. This transaction will further reinforce our commitment to providing quality care, particularly in the fast-growing Noida and Bulandshahr regions. We plan to expand the flagship Noida facility to 1,200 beds in the coming years, addressing the growing healthcare demands in the region.”
The acquisition of Jaypee Healthcare represents an important step for Max Healthcare as it continues to solidify its market leadership in North India. With the support of Max Healthcare as a strategic partner, Jaypee Healthcare is well-positioned for future growth and continued service to its community.
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