Max Healthcare stock soars 4% after firm completes acquisition of Jaypee Hospital

Max Healthcare shares are up over 10 percent for the month.

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26 Aug, 2025 12:21

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Max Healthcare shares soared as much as 4 percent on November 12 as the company completed the acquisition of Jaypee Hospital which it announced back in September.

At 10.08 am, shares of Max Healthcare were trading at Rs 1,040.45 on the NSE, though still firm in the green but off its day's high of Rs 1,064.80.

The healthcare services provider acquired a 64 percent stake in the struggling Jaypee Healthcare, with an option agreement for the remaining 36 percent, at an enterprise value of Rs 1,660 crore.

For the acquisition, Max Healthcare entered into a strategic pact with Lakshdeep Group, promoter of Jaypee Healthcare, which is currently undergoing Corporate Insolvency Resolution Process (CIRP).

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This acquisition grants Max Healthcare control of Noida’s 500-bed hospital, as well as two other hospitals in UP’s Bulandshahr and Anoopshahr. Additionally, Max Healthcare will arrange debt to repay the admitted claims of Jaypee Healthcare's financial creditors, the company noted in a statement.

Max Healthcare Institute Chairman and Managing Director Abhay Soi stated that this acquisition strengthens Max's footprint in the NCR region. “Adding JHL to our network marks an important milestone in building a strong presence in NCR—a region not only home to 46 million people but also a vital economic hub in India.”

As for Max Healthcare's recently released quarterly earnings, the company reported a near 2 percent on year growth in its net profit at Rs 349 crore. Revenue also grew 22 percent to Rs 2,228 crore, on the back of by increased operational bed days (OBDs) and average revenue per occupied bed (ARPOB). The average revenue per occupied bed during the quarter came at Rs 76,100, up 2 percent from Rs 74,600 seen a year ago.

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