bullish
Max Healthcare (MAXHEALTH IN): Continues to Strengthen Presence in North India
349 Views16 Sep 2024 22:37
SUMMARY
- Max Healthcare Institute (MAXHEALT IN) to acquire controlling stake in Jaypee Healthcare (JHL), which owns 3 hospitals in Uttar Pradesh, including the renowned 500-beds Jaypee Hospital, Noida.
- JHL reported revenue of INR4.21B and EBITDA of INR70M in FY24. With an EV of INR16.6B, the deal values JHL at EV/EBITDA of 23.7x, which seems reasonable.
- This acquisition will significantly enhance Max Healthcare’s network and strengthen its leadership position in NCR, a region which is home to around 46M people.
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Rising
Tina Banerjee
Global Healthcare Analyst
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