Max Healthcare to Acquire Yerawada Properties for ₹200 Crore
Filing Summary
Max Healthcare Institute Ltd has approved a share purchase agreement to acquire 100% equity stake in Yerawada Properties Private Limited (YPPL) for ₹200 Crore. This acquisition will facilitate the establishment of a 450-bed super speciality hospital in Pune. The total investment for the project, including acquisition and construction costs, is estimated at ₹1,020 Crore. The acquisition will be completed in phases over four years. The initiative aligns with Max Healthcare’s strategy to expand its presence in Maharashtra and meet the growing demand for healthcare services in Pune.
Max Healthcare Institute Ltd has announced the approval of a Share Purchase Agreement to acquire a 100% equity stake in Yerawada Properties Private Limited (YPPL). The acquisition is aimed at setting up a 450-bed super speciality hospital in Pune. The board of directors approved this proposal during their meeting on December 18, 2025. The acquisition will be executed in a phased manner, concluding upon receipt of the occupancy certificate for the hospital building.
The financial terms of the acquisition involve a cash consideration of approximately ₹200 Crore. This amount covers the purchase of 100% of the Class A equity shares, representing full voting rights and approximately 50.22% of the economic interest in YPPL. The remaining Class B equity shares will be acquired over a period of four years. The total investment for the hospital project, including acquisition, construction, equipment, and other related costs, is estimated at ₹1,020 Crore.
The scope of the project includes the development of a 450-bed super speciality hospital on a 1.68-acre parcel of land owned by YPPL in Yerawada, Pune. The land is strategically located in the center of the city, providing a prime location for the hospital. The hospital will cater to the healthcare needs of Pune’s population and surrounding regions, addressing the increasing demand for quality healthcare services.
In the context of the healthcare market, Pune is experiencing significant growth, driven by a large population and a burgeoning middle class. The establishment of this hospital aligns with Max Healthcare’s strategy to expand its footprint in Maharashtra and enhance its service offerings in a high-demand area. The acquisition of YPPL is not classified as a related party transaction, and no government or regulatory approvals are required for the acquisition.
The timeline for the acquisition and hospital development spans approximately four years. The initial phase involves acquiring the Class A equity shares, with subsequent acquisition of Class B shares over the specified period. The project will be financed through a mix of internal accruals and term loans. The board meeting discussing this proposal commenced at 10:30 am and concluded at 10:55 am on December 18, 2025.
Max Healthcare Institute Ltd is focused on expanding its healthcare services across India, particularly in high-growth regions like Maharashtra. The company aims to enhance its service capacity and meet the increasing demand for healthcare services through strategic acquisitions and infrastructure development.