Max Healthcare to acquire YPPL, set up 450-bed Pune hospital at Rs 1,020 Cr

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AI summary

Board approved acquiring 100 percent equity in Yerawada Properties Pvt Ltd (YPPL), which owns 1.68 acres of freehold land in Yerawada, Pune. Acquisition cost is around Rs 200 Crore in cash, done in stages over about 4 years. Max Healthcare plans to build a 450-bed super speciality hospital on this land, with total project spend of up to Rs 1,020 Crore, funded by internal accruals and term loan. The deal is not a related party transaction. Pune is a growing market with rising demand for quality healthcare.

Likely market impact

Adds about 450 beds over 4 years in a high-utilisation market. Capex of Rs 1,020 Cr funded internally and via debt, with payback spread over the build period.