Max Healthcare Institute to invest Rs 6,000 cr to add 3,700 beds by 2028

Max Healthcare Institute Ltd plans to invest Rs 6,000 crore by 2028 to introduce 3,700 beds in important areas of India, as stated by its Chairman and Managing Director Abhay Soi on Tuesday.

Max Healthcare, managing 22 healthcare facilities with approximately 5,000 beds at present, may expand to about 30 hospitals by 2028, Soi informed .

During the inauguration of Max Super Speciality Hospital in Dwarka, a 300-bed greenfield facility, he mentioned that the company plans to “reinvest all we generate over the next decade to build healthcare assets.”

“This year alone, we are opening four (hospitals). This (Dwarka) was the first of the four,” Soi said.

Max Healthcare aims to open three additional hospitals in Mohali, Mumbai, and Saket, New Delhi later this year. The opening of the Dwarka hospital is a strategic move in Max Healthcare’s larger growth plan to incorporate 3,700 beds in major areas of India by 2028, the company stated.

“Some existing hospitals will be expanded and some new hospitals will come up,” he said, adding by 2028 Max Healthcare expects to have around 30 hospitals in total.

When asked about investments for the overall expansion, Soi said, “It will be about Rs 6,000 crore…we’re internally funding it. We will be reinvesting all our profits into only creating new hospital beds.” On whether the company will consider acquisitions in the future, Soi, “We are opportunistic about it, as and when we get the opportunity, we will buy.”