Max Healthcare to build 450-bed super speciality hospital in Pune

Max Healthcare Institute’s board of directors approved the acquisition of a 100% equity stake in Yerawada Properties Private Limited (YPPL), Pune, Maharashtra. The acquisition will conclude upon receipt of the Occupancy Certificate for the new hospital building. Initially, Max Healthcare will acquire 100% of Class A equity shares, representing 100% of voting rights and approximately 50.22% of the economic interest in YPPL.

The board also approved the development of a 450-bed super speciality hospital on land owned by YPPL, with an aggregate spend of up to ₹1,020 crore. This investment covers the YPPL shares acquisition, construction, equipment cost, stamp duty, and registration charges. The acquisition of YPPL, which owns a 1.68-acre freehold land parcel in Yerawada, will enable Max Healthcare to expand its footprint in a prime locality in Pune, with the new capacity expected to be added over the next four years.

The total investment for the project is ₹1,020 crore, funded through a mix of internal accruals and term loans. The new hospital will address the surging demand for quality healthcare services in Pune and surrounding regions.