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Strategic acquisition strengthens Max Healthcare’s position with three hospitals in Noida, Bulandshahr, and Anoopshahar.
Max Healthcare Institute Ltd has announced the acquisition of a controlling 64% stake in Jaypee Healthcare, further cementing its position in the Indian healthcare landscape. The acquisition, valued at an enterprise worth of ₹1,660 crore, includes Jaypee Healthcare’s three hospitals located in Noida, Bulandshahr, and Anoopshahar.
Jaypee Healthcare, currently undergoing a Corporate Insolvency Resolution Process, has two operational hospitals: the 500-bed Jaypee Hospital in Noida and the 200-bed facility in Bulandshahr, spread across 18 acres and 5.75 acres respectively. A third hospital, with 100 beds in Anoopshahar, remains non-operational but is included in the acquisition deal.
Max Healthcare will arrange the necessary debt to settle the financial claims of Jaypee Healthcare’s creditors while taking over the majority stake in the company. The deal also includes a call and put option for the remaining stake, providing future flexibility.
This transaction, expected to be completed within the next 30 days, aligns with the revival plan approved by the National Company Law Appellate Tribunal (NCLAT), which aims to enhance operational efficiency and restore stakeholder confidence.
In 2023-24, Jaypee Healthcare recorded ₹421 crore in revenue and an EBITDA of ₹70 crore. Max Healthcare’s shares have surged 32% this year, with a 52-week high of ₹979.80 in June, reflecting growing investor confidence in its aggressive expansion strategy.
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