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  • Delhi : Max Healthcare ...

Delhi : Max Healthcare Institute to acquire Eqova Healthcare

Medical Dialogues BureauBy Medical Dialogues BureauPublished On 2022-02-13T11:00:59+05:30  |  Updated On 2022-02-13T11:01:16+05:30
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....

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.

Also Read:MaxiVision Eye Hospitals finds a new CEO in V S Sudheer

''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.

Also Read:NPPA panel fixes retail price of Diclofenac transdermal patch marketed by Hetero Healthcare

The healthcare provider said it aims to acquire the firm by way of upfront purchase of 26 percent stake, with an Escrow mechanism set up for an additional 34 percent, under call/put options, to be exercised linked to the achievement of certain milestones.

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.

Also Read:Max Healthcare, Muthoot Hospitals tie-up for 300-bed hospital in Delhi

Max Healthcare Institute Max Healthcare Eqova Healthcare Eqova Healthcare Nirogi Charitable and Medical Research 
Source : with inputs
Medical Dialogues Bureau
Medical Dialogues Bureau

    Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.

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