New Delhi: Medical services provider Max Healthcare has said that it is planning to acquire a hospital at an estimated cost of up to Rs100 crore as part of its plan to expand beyond the National Capital Region (NCR).
“So far, we were only present in NCR, but now we are going to expand in the periphery of NCR in states such as Uttarakhand, Western UP, Haryana and Punjab,” Max Healthcare Executive Medical Director Pervez Ahmed said on the sidelines of CII Health Summit.
When asked about the size of the hospital, he said: “We are looking for a hospital with a capacity of 150-500 beds in these states, but 250 beds is what we are ideally looking for.”
“Such hospitals would come up with a cost of Rs25-35 lakh per bed and the total cost of such a hospital would be up to Rs100 crore,” he added.
He, however, declined to comment about the source of the funding.
Max Healthcare is also in talks with government to provide management solutions to government-run hospitals.
“We have submitted Expression of Interest for running government and charitable hospitals in NCR,” Ahmed said adding: “We are formulating a strategy so that we can provide medical services at a cost which will not be a burden to us although we may not earn any profit from it.”
Max Healthcare, in a collaboration with Apollo, has also been shortlisted by Delhi government for providing accidental and emergency pre-medical healthcare in the city through round-the-clock ambulance services.
“Looking at our reputation we are very hopeful of winning the tender providing ambulance services in the capital,” he said.
Max Healthcare is a part of Max India Limited, majority of which is owned by Analjit Singh and family and by private equity firm Warburg Pincus.