Max Healthcare

Max Healthcare Institute on Thursday reported a 7 per cent increase in its consolidated profit after tax at Rs 269 crore for the December quarter. The healthcare provider had posted a profit after tax of Rs 252 crore in the October-December period of last fiscal. Network gross revenue increased to Rs 1,559 crore, reflecting a 13 per cent year-on-year growth, Max Healthcare said in a statement. "By virtue of focus on healthcare infrastructure, research and skilling as well as ground breaking policies such as National Digital Healthcare Mission, Heal In India and Heal By India, the government has established a solid foundation to enable the private sector players in India to cater to both domestic and global requirements at affordable prices," Max Healthcare Institute Chairman and MD Abhay said. Shares of the company ended 0.23 per cent down at Rs 440.4 apiece on the BSE.

The growth in Q2FY23 revenue and operating EBITDA were driven by higher occupancies, improved payor mix, and increased ARR in OPD.

Max Healthcare on Tuesday reported an over three-fold rise in its consolidated net profit for the second quarter to Rs 457.35 crore, as against Rs 144.65 crore in the year-ago period. The healthcare provider's revenue from operations stood at Rs 1,137.12 crore during the July-September period, up from Rs 1,019.26 crore, a regulatory filing showed. Its total expenses also increased to Rs 897.72 crore during the quarter under review, as against Rs 860.09 crore in the year-ago period. Abhay Soi, Chairman and MD, Max Healthcare Institute Ltd, said: "The performance for Q2 FY23 is as per our expectations and reflects the focus on execution across the organisation in line with our articulated strategy. Healthcare sector in general and Max Healthcare in particular are making significant investments over the next 4-5 years leading to huge employment opportunities and a multiplier effect on GDP." He added that the impetus provided by the government through its focus on healthcare and 'heal

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'Q1FY23 performance reflects normalisation of revenues and operating EBITDA post Omicron wave in the previous quarter,' Max Healthcare Chairman and MD Abhay Soi said in a statement

Average stake down 40 bps from previous quarter at 22%

Max Healthcare Institute on Wednesday said its profit after tax increased by 58 per cent to Rs 172 crore for the fourth quarter ended March 2022. The company had reported a net profit of Rs 109 crore for the January-March quarter of 2020-21 fiscal. Gross revenue rose to Rs 1,298 crore for the period under review as compared with Rs 1,161 crore in the year-ago period, Max Healthcare Institute said in a regulatory filing. For the year ended March 31, 2022, the healthcare provider posted a net profit of Rs 837 crore. It had reported a net loss of Rs 95 crore in FY21 fiscal. "Overall, FY22 has been an eventful year where despite numerous challenges, there is a marked improvement in the network performance," Max Healthcare Institute Chairman and MD Abhay Soi said in a statement. As part of the company's inorganic growth strategy, it has announced four transactions, including purchase of two prime land parcels in Gurugram, he noted. "These will have a combined potential to add 2,200 be

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The company had posted a PAT and share of associates at Rs 90.36 crore for the year-ago period, Max Healthcare said in a regulatory filing

Max Healthcare Institute on Friday said it has inked a deal to acquire Eqova Healthcare, a company with long-term exclusive rights to aid development and provide medical services to an upcoming 400-bed hospital. The hospital, which is owned by Nirogi Charitable and Medical Research Trust, will come up at Patparganj, Delhi. "This new hospital will allow us to cater to the need for quality healthcare of the East Delhi community and fortify our network footprint in NCR in a synergistic manner. "It will further enable us to bring high-end clinical programmes and technologies to the region and also help us to continue serving the indigent patient community," Max Healthcare Institute Chairman and Managing Director Abhay Soi said in a statement. The healthcare provider said it aims to acquire the firm by way of upfront purchase of 26 per cent stake, with an Escrow mechanism set up for additional 34 per cent, under call/put options, to be exercised linked to achievement of certain ...

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The investment will help boost capacity at existing hospitals as well as augment the firm's land holdings further, according to Soi.