Delhi : Max Healthcare Institute to acquire Eqova Healthcare

New Delhi: Max Healthcare Institute on Friday said it has inked a deal to acquire Eqova Healthcare, a company with long-term exclusive rights to aid development and provide medical services to an upcoming 400-bed hospital.

Max Healthcare Institute Limited is a healthcare organization which operates 17 healthcare facilities across the NCR Delhi, Haryana, Punjab, Uttarakhand and Maharashtra. Apart from hospitals, Max Healthcare also operates a homecare business and pathology business. It offers health and wellness services at home while Max Lab provides Pathology Services outside our hospital network.

The hospital, which is owned by Nirogi Charitable and Medical Research Trust, will come up at Patparganj, Delhi.

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''This new hospital will allow us to cater to the need for quality healthcare of the East Delhi community and fortify our network footprint in NCR in a synergistic manner.

''It will further enable us to bring high-end clinical programs and technologies to the region and also help us to continue serving the indigent patient community,'' Max Healthcare Institute Chairman and Managing Director Abhay Soi said in a statement.

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In addition, the parties have agreed to call/put options for the balance stake to be exercised on the achievement of defined milestones.

Max Healthcare was inaugurated its first medical center in 2000. In 2011, it entered into a partnership agreement with the government of Punjab, India and had set up two hospitals in Mohali near Chandigarh and in Bathinda. In the same year, Max Healthcare commissioned its tertiary care hospital in Shalimar Bagh, North West Delhi.

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