Max Healthcare Institute has announced plans to invest Rs60bn ($708.25m) by 2028 to expand its presence in India with 3,700 beds, as reported by PTI, citing chairman and managing director Abhay Soi.
The investment is set to increase the company’s capacity, which currently offers nearly 5,000 beds across 22 healthcare facilities.
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This expansion will potentially bring the total number of Max Healthcare hospitals to approximately 30 by 2028.
The company’s intention of reinvesting the revenue it generates over the next decade into healthcare asset creation was announced at the opening of the 300-bed Max Super Speciality Hospital in Dwarka, a greenfield facility.
Soi said: “This year alone, we are opening four [hospitals]. This [Dwarka] was the first of the four.”
Later this year, three additional hospitals are expected to open in Mohali, Mumbai, and Saket, New Delhi.
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By GlobalDataThe expansion strategy includes both the construction of new hospitals and the enlargement of existing ones.
For overall expansion, the investment will be allocated through internal funding while all profits will be reinvested into creating new hospital beds.
Regarding future acquisitions, Soi stated that while the company is open to opportunities, the budget for such acquisitions would be separate from the funds allocated for organic growth.
The new Dwarka facility has more than 120 critical care beds, ten operation theatres, and Cath Labs, offering tertiary and quaternary care across various specialities.
These encompass neurosciences, robotic surgery, cardiac sciences, oncology, renal sciences, paediatrics, and organ transplants.
Considered a critical hub for enhanced medical care, Delhi-NCR stands to benefit from this expansion.
The Dwarka hospital’s strategic location aims to address the region’s growing healthcare requirements.
On 12 November 2024, Max Healthcare Institute saw its shares rise by up to 4% following the completion of its acquisition of Jaypee Hospital.
