Max Healthcare to set up 2 hospitals in Gurugram

The additional capacity will significantly increase Max Healthcare’s existing presence in the NCR.

Max Healthcare said Monday it is adding two 500-bed hospitals in Gurugram to its bed capacity in the National Capital Region (NCR).

The lots with a size of 6.11 acres and 5.26 acres respectively will be allocated by HSVP (Haryana Shahri Vikas Pradhikaran) after the company’s successful offer in a recent HUDA auction. The properties are in the heart of Gurugram. The HSVP issued a corresponding declaration of intent on October 1, 2021.

Max Healthcare currently operates a multi-specialty hospital in Sector 43, Gurugram. As soon as they are operational, the hospitals will also supply economically weaker sections of society at preferential prices.

About the expansion, Dr. Abhay Soi, Chairman of Max Healthcare: “Gurugram has grown into one of the largest medical centers for high-end care in Northern India. We see enormous potential in terms of both domestic and international patients. ”Travel to Gurugram for the treatment of complex diseases.

The two newly acquired properties will be built in stages and 1,000 beds will be added over the next 4-6 years and will further strengthen our presence in NCR. ”

The announcement comes shortly after the company’s latest expansion plan for its Saket complex in New Delhi.

The Max Healthcare Institute is one of the largest hospital chain operators in India (just taking into account health service income in fiscal year 2021).

On a consolidated basis, the company reported net income of Rs 146.92 billion in Q1 FY22 versus a net loss of Rs 291.20 billion in Q1 FY21. Net sales for the quarter increased 290.30% to Rs 1,000.17 billion for the same period last year.

Max Healthcare’s shares were down 1.55% to Rs 353.25.

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(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)

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