Hospital is situated on a land parcel of ~2 acres and has a built-up area of ~2.25L sq ft spread across 6 floors
Max Healthcare Institute has announced the acquisition of 100 per cent stake in Alexis Multi-Speciality Hospital Private Limited (Alexis) for an Enterprise Value of Rs 412 crores.
The 200 bedded hospital owned & operated by Alexis is a JCI accredited facility located on a land parcel of ~2 acres at Mankapur, North of Nagpur. The hospital has G+6 floors and a basement with built up area of ~2.25 Lakh sft and offers multidisciplinary care in the areas of Gastroenterology, Neurosurgery, Cardiology, Transplants, related diagnostic facilities etc. The hospital is equipped with high end bio medical equipment like Varian True Beam LINAC, 128 Slice CT Scan, 3 Tesla MRI, Digital X Ray, ARTIS Q Cath Lab, etc.
The bed capacity can be expanded to ~340 beds in view of the availability of the FAR for the given land and the strength of the existing structure. Further, the hospital medical program can be further strengthened in the surgical specialties like CTVS, Urology, Oncology & Neurosciences leading to improvement in average revenue per occupied bed (ARPOB) and occupied bed days (OBD).
The current run rate of Revenue & EBITDA for the Hospital is Rs ~150 crore & ~25 crore respectively. The hospital is generating cash & has good brand equity in the market in the region.
Commenting on the acquisition, Abhay Soi, Chairman and Managing Director, Max Healthcare Institute said, “The acquisition of Alexis Hospital is in line with our vision to expand our footprint in tier 2 cities with abundance of clinical talent and developed private healthcare infrastructure. Alexis Hospital acquisition will strengthen our presence in Maharashtra Region. With this addition, we now have 4 JCI accredited facilities in our network & we look forward to bringing the high-end quality care to people of the region.”
The share purchase agreement for acquisition of Alexis Multi-Speciality Hospital Private Limited is being consummated forthwith.
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