Max Healthcare plans to add a 130-bed hospital in Dehradun, Uttarakhand on lease, for which it is required to invest Rs 170-200 crore, the company said on August 13 as it posted a 30 percent on year growth in consolidated net profit at Rs 308 crore for the June quarter, with a revenue from operations at Rs 2,028 crore, up 31 percent on year.
The healthcare chain posted an EBITDA per bed of Rs 68.5 lakh compared to Rs 70 lakh a year ago and Rs 73.9 lakh in Q4FY25. Share of the company were sharply off highs after the results were declared.
The proposed ~130 beds hospital will be added to the network capacity by 2028, and is being built by Goyal Agrim Infra Realty LLP under a lease arrangement, Max Healthcare said. "The Company is required to provide milestone linked deposits, bear cost of stamp duty and incur cost towards bio-medical equipment, furniture, etc, which may range between Rs 170-200 crore," Max Healthcare said.
The existing hospital in the city is running at an occupancy of over 80 percent, and hence, there is 'dire need to expand the capacity of tertiary care beds in the city', said Max Healthcare. The facility will cater to the healthcare needs of people in Dehradun and surrounding regions, and is being funded by internal accurals.
The initial lease term will be for 29 years, and shall further be renewed for another 29 years.
Max Healthcare has an existing capacity of around 5,200 beds as on June 30, 2025, and the network is operating at a very high-capacity utilization of over 76 percent in Q1FY26.
Dehradun has a large population and a growing middle class, and the city has been experiencing a surge in demand for quality healthcare services.
Max also informed that Jaypee Healthcare, a subsidiary, has executed a binding term sheet for divestment of hospitals in Bulandshahr and Anoopshahr, in line with its strategic focus on super-specialty healthcare in larger cities.
Its 160 beds tower at Max Mohali has been completed trial-runs are underway, Max Health informed. "“The commissioning of 160 beds brownfield tower at Max Mohali, along with additional brownfield capacities coming online at Max Smart and Nanavati-Max shortly, will significantly enhance clinical and financial performance of the network," said Abhay Soi, Chairman and Managing Director, Max Healthcare Institute.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
