Nagpur , India :Max Healthcare is set to broaden its presence in Maharashtra with the announcement of its acquisition of the JCI-Accredited Alexis Hospital in Nagpur, boasting 200 beds.

– Max Healthcare Institute Ltd. (MHIL), a leading private healthcare provider in India, has revealed its acquisition of a 100% stake in Alexis MultiSpeciality Hospital Private Limited (Alexis) for an Enterprise Value of INR 412 Crores.

– The Alexis-owned and operated hospital, boasting 200 beds, is situated on approximately 2 acres of land in Mankapur, North of Nagpur, which is recognized as an upscale residential and commercial area. With a structure comprising of ground plus six floors and a basement, the hospital spans a built-up area of approximately 2.25 lakh square feet. It provides comprehensive healthcare services including Gastroenterology, Neurosurgery, Cardiology, Transplants, along with diagnostic facilities.

– Equipped with state-of-the-art biomedical equipment such as Varian True Beam LINAC, 128 Slice CT Scan, 3 Tesla MRI, Digital X-Ray, and ARTIS Q Cath Lab, the hospital ensures high-quality medical care.

– The bed capacity has the potential to increase to approximately 340 beds, leveraging the available Floor Area Ratio (FAR) for the existing land and the robustness of the current structure. Moreover, there is an opportunity to enhance the hospital’s medical program, particularly in surgical specialties such as Cardiothoracic and Vascular Surgery (CTVS), Urology, Oncology, and Neurosciences.

– This strategic improvement can lead to enhancements in the Average Revenue per Occupied Bed (ARPOB) and the number of Occupied Bed Days (OBD), thereby augmenting the overall operational performance and patient care outcomes.

– As of now, the hospital’s Revenue and EBITDA stand at approximately INR 150 Crores and INR 25 Crores respectively. Notably, the hospital is cash-generating and enjoys a strong brand reputation in the regional market.

– Nagpur, a rapidly developing city, boasts a population density of 47 lakhs and a commendable literacy rate of approximately 90%. Positioned strategically at the core of Maharashtra, it serves as a hub receiving patients from neighboring areas such as Amravati, Jalgaon, Gondia, Chhindwara, among others. The city benefits from the availability of skilled medical professionals due to the presence of government hospitals, medical colleges, and private healthcare facilities. With this acquisition, Max Healthcare reinforces its presence in Western India, facilitating the delivery of top-notch clinical care to patients across the region.


Leave a Reply

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