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By : VivaVel.com I 7 Oct, 2024

Max Healthcare Institute Limited has announced its acquisition of a controlling 64% stake in Jaypee Healthcare, a prominent player in the healthcare sector, as part of a strategic expansion plan. This transaction, based on an enterprise value of Rs 1,660 crore, is designed to enhance Max Healthcare’s operational footprint across the Noida and Bulandshahr regions. Jaypee Healthcare, currently undergoing a Corporate Insolvency Resolution Process, owns and operates hospitals in Noida, Bulandshahr, and Anoopshahar.

The acquisition, expected to be finalized within the next 30 days, follows a revival plan approved by the National Company Law Appellate Tribunal (NCLAT). Max Healthcare will arrange debt funding to facilitate the repayment of financial creditors’ claims. With this acquisition, Max Healthcare gains operational control of two hospitals—Jaypee Hospital in Noida (500 beds) and Jaypee Hospital in Bulandshahr (200 beds), situated on 18 and 5.75 acres, respectively. Additionally, Jaypee Healthcare owns a 100-bed non-operational facility in Anoopshahar spread over 2.35 acres.

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