Acquisitions17 May 2025, 04:00 am
Max Healthcare Subsidiary Acquires Land and Building for ~X120 Crore in Uttar Pradesh
AI Summary
Max Healthcare Institute Ltd's wholly-owned subsidiary, Crosslay Remedies Limited (CRL), has executed a Sale Deed for the acquisition of a 4,000 sq. meters land parcel with a building in Uttar Pradesh, adjacent to Max Super Speciality Hospital, Vaishali. The acquisition, made for ~X120 Crore, is expected to add ~140 beds to MSSH, Vaishali over the next 30 months, significantly enhancing CRL's capacity to serve the growing healthcare needs of the region. CRL will invest an additional ~Rs. 2,200 Crore for the creation of the additional beds.
Key Highlights
- Max Healthcare's subsidiary, Crosslay Remedies Limited, acquires land and building for ~X120 Crore in Uttar Pradesh
- The acquisition is expected to add ~140 beds to Max Super Speciality Hospital, Vaishali over the next 30 months
- The strategic acquisition aims to enhance CRL's capacity to serve the growing healthcare needs of the region
- CRL will invest an additional ~Rs. 2,200 Crore for the creation of the additional beds
- The acquisition is expected to significantly increase CRL's capacity to cater to the healthcare needs of the Ghaziabad region in Uttar Pradesh