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Max Healthcare to focus on consolidation of existing hospitals

Max Healthcare to focus on consolidation of existing hospitals
PTI
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First Published: Thu, Nov 10 2011. 05 04 PM IST

File photo of Analjit Singh, chairman, Max Group
File photo of Analjit Singh, chairman, Max Group
Updated: Thu, Nov 10 2011. 05 04 PM IST
New Delhi: After opening three hospitals within a span of two months and one more to go in February 2012, Max Healthcare is taking a pause on expansion and said it will now focus on consolidation of its facilities.
“There are no expansion plans for the time being. We will like to first consolidate our current hospitals,” Max India group chairman Analjit Singh told PTI.
File photo of Analjit Singh, chairman, Max Group
He was speaking on the sidelines of the inauguration of the group’s 9th hospital -- a 300-bed facility set up at an investment of over Rs 210 crore at Shalimar Bagh here.
The groups healthcare arm, Max Healthcare has already launched three hospitals in this fiscal and is launching the fourth in Dehradun in February 2012.
It opened two hospitals in Mohali and Bhatinda in September 2011 with focus on heart diseases, trauma and cancer and orthopaedics. These are under a public-private partnership mode with the Punjab government.
“The opening of these hospitals will take our bed strength from 1,100 beds to 1,900 beds. We have invested nearly Rs 700 crore for these new facilities,” Singh added.
Commenting on the facilities offered at the latest facility here, Max Healthcare CEO Ajay Bakshi said: “The key specialities include cardiac sciences, neuro sciences, minimal access metabolic surgery, urology, orthopaedics beside all other specialities.”
Max India had entered into a deal in October 2011 to sell 26% stake in Max Healthcare Institute for Rs 516.5 crore to Life Healthcare Group, a leading healthcare service provider in South Africa.
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First Published: Thu, Nov 10 2011. 05 04 PM IST