Max Healthcare Institute Plans to Invest Rs 5,000 Crore in Doubling Bed Capacity Over the Next 4-5 Years

Max Healthcare Institute Ltd, a leading healthcare provider, has announced its plan to invest over Rs 5,000 crore to more than double its bed capacity to over 8,000 beds in the next four to five years. The Chairman and MD, Abhay Soi, revealed that half of this investment will be focused on Uttar Pradesh, with the aim of creating over 10,000 jobs through its facilities in the state.

The company recently acquired Sahara Hospital in Lucknow and rebranded it as Max Super Specialty Hospital, Lucknow, after an enterprise value of Rs 940 crore. It plans to invest Rs 2,500 crore in Uttar Pradesh, including setting up a new 500-bed hospital and expanding the capacity of the acquired facility. Soi highlighted the importance of developing healthcare in line with the state’s economic growth, as Uttar Pradesh moves towards becoming a USD 1 trillion economy by 2027.

The expansion in Uttar Pradesh will include adding 300 beds to the current 550-bed Max Super Specialty Hospital in Lucknow and establishing a new 500-bed hospital at Shaheed Path. Max Healthcare aims to become the largest private healthcare network in Uttar Pradesh, while also considering expansion opportunities in other states.

With a focus on both acquisitions and setting up new facilities, Max Healthcare plans to fund its expansion through internal accruals, as it is a debt-free company. The company will introduce advanced cancer care and robotic surgical systems at Max Super Specialty Hospital, Lucknow, and serve as a referral center for patients from Eastern and Central Uttar Pradesh and Bihar. Moreover, it aims to attract medical value travel patients from neighboring countries and the Middle East.