Key Highlights
- Max Healthcare approves acquisition of 100% equity stake in Yerawada Properties Private Limited.
- Cash consideration for the acquisition estimated at around ₹200 crore.
- Board clears plan to develop a 450-bed super speciality hospital in Pune.
- Total investment including acquisition and hospital development pegged at ₹1,020 crore.
- New hospital capacity to be added over a period of nearly four years.
Max Healthcare Institute Limited has approved the acquisition of a 100% equity stake in Yerawada Properties Private Limited as part of its strategy to expand its healthcare presence in Maharashtra. The decision was taken at the company’s board meeting held on December 18, 2025.
The acquisition will be executed through a share purchase agreement in a phased or step-up manner. In the initial tranche, Max Healthcare will acquire all Class A equity shares, providing full voting rights along with approximately 50.22% economic interest in the entity. The remaining Class B equity shares will be acquired progressively over a period of around four years.
The total consideration for the acquisition is estimated at approximately ₹200 crore and will be paid in cash. The company stated that the transaction does not qualify as a related-party deal and does not require any government or regulatory approvals.
Alongside the acquisition, the board has also approved the development of a 450-bed super speciality hospital on the land owned by Yerawada Properties in Yerawada, Pune. The aggregate investment for the project, including land acquisition, construction, medical equipment, stamp duty, and registration charges, is estimated at up to ₹1,020 crore. The investment will be funded through a mix of internal accruals and term loans.
Yerawada Properties owns a 1.68-acre freehold land parcel located in a prime central area of Pune, which has the capacity to support the proposed hospital development. The new facility is expected to strengthen Max Healthcare’s footprint in western India and cater to the rising demand for quality healthcare services in Pune and surrounding regions.
As of September 30, 2025, Max Healthcare’s hospital network had an installed capacity of around 5,200 beds, with capacity utilisation exceeding 76% during the first half of FY26. The proposed Pune hospital is expected to support future growth while easing capacity constraints across the network.
The company expects the entire capacity addition to be completed over the next four years, in line with its long-term strategy to expand high-quality tertiary and quaternary healthcare services across major urban markets in India.