Max Healthcare to set up 450-bed hospital in Pune with Rs 1,020 Cr investment
MAXHEALTH · price
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Max Healthcare board approved acquiring 100% of Yerawada Properties (YPPL), which owns 1.68 acres in prime Pune locality, for about Rs 200 Crore. Total project cost is Rs 1,020 Crore including construction and equipment. YPPL buy will happen in tranches over 4 years, tied to occupancy certificate. Hospital adds 450 beds, taking network capacity beyond current 5,200 beds. Financed via internal accruals and term loan. Network hospitals running at over 76% capacity utilization.
Expands Max Healthcare footprint into Pune with a 450-bed super speciality hospital; total outlay Rs 1,020 Crore funded by internal accruals and debt.