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searchaux" style="display:none">Indian multi-specialty hospital chain</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Max Healthcare Institute Limited</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Max-Healthcare-Logo.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Max-Healthcare-Logo.png/220px-Max-Healthcare-Logo.png" decoding="async" width="220" height="72" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Max-Healthcare-Logo.png/330px-Max-Healthcare-Logo.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/65/Max-Healthcare-Logo.png/440px-Max-Healthcare-Logo.png 2x" data-file-width="664" data-file-height="218" /></a></span></td></tr><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Max_Building.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/6b/Max_Building.jpg/220px-Max_Building.jpg" decoding="async" width="220" height="147" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/6b/Max_Building.jpg/330px-Max_Building.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/6b/Max_Building.jpg/440px-Max_Building.jpg 2x" data-file-width="1024" data-file-height="683" /></a></span><div class="infobox-caption">Max Super Specialty Hospital in Delhi</div></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a>: <a rel="nofollow" class="external text" href="https://www.bseindia.com/stock-share-price/x/y/543220/">543220</a></li><li><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a>: <a rel="nofollow" class="external text" href="https://www.nseindia.com/get-quotes/equity?symbol=MAXHEALTH">MAXHEALTH</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Healthcare" class="mw-redirect" title="Healthcare">Healthcare</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">2001<span class="noprint">; 23 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">2001</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/New_Delhi" title="New Delhi">New Delhi</a>, India</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data">India</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Abhay Soi (Chairman & MD)<sup id="cite_ref-mint_1-0" class="reference"><a href="#cite_note-mint-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>7,215 crore</span> (US$860 million) (FY24)<sup id="cite_ref-fy24_2-0" class="reference"><a href="#cite_note-fy24-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>1,907 crore</span> (US$230 million) (FY24)<sup id="cite_ref-fy24_2-1" class="reference"><a href="#cite_note-fy24-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>1,278 crore</span> (US$150 million) (FY24)<sup id="cite_ref-fy24_2-2" class="reference"><a href="#cite_note-fy24-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">15,000 (2023)<sup id="cite_ref-fy23_3-0" class="reference"><a href="#cite_note-fy23-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://www.maxhealthcare.in/">www<wbr />.maxhealthcare<wbr />.in</a></span></td></tr></tbody></table> <p><b>Max Healthcare Institute Limited</b> is an Indian <a href="/wiki/For-profit_hospital" title="For-profit hospital">for-profit</a> <a href="/wiki/Private_hospital" title="Private hospital">private</a> <a href="/wiki/Hospital_network" title="Hospital network">hospital chain</a> headquartered in <a href="/wiki/Delhi" title="Delhi">Delhi</a>.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> As of 2024, Max Healthcare operates 19 hospitals with more than 4,000 beds, primarily in <a href="/wiki/North_India" title="North India">North India</a>.<sup id="cite_ref-fy24_2-3" class="reference"><a href="#cite_note-fy24-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p><p>Max Healthcare also operates the Max Lab <a href="/wiki/Pathology" title="Pathology">pathology</a> and Max@Home <a href="/wiki/Home_care" title="Home care">home medical services</a> divisions.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Max_Healthcare&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Max Healthcare opened its first medical center in <a href="/wiki/South_Delhi" class="mw-redirect" title="South Delhi">South Delhi</a>'s Panchsheel Park in 2000. The company opened two other secondary care centers in <a href="/wiki/Pitampura" class="mw-redirect" title="Pitampura">Pitampura</a> in <a href="/wiki/North_West_Delhi" class="mw-redirect" title="North West Delhi">North West Delhi</a> and <a href="/wiki/Noida" title="Noida">Noida</a> in 2002.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> In 2004, the company commissioned the East Block of its flagship tertiary care hospital called Max Hospital, <a href="/wiki/Saket_(Delhi)" title="Saket (Delhi)">Saket</a> in South Delhi. </p><p>In 2007, Max Healthcare ventured into <a href="/wiki/Gurgaon" title="Gurgaon">Gurgaon</a> with a secondary care hospital.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p>In 2011, Max Healthcare entered into a <a href="/wiki/Public%E2%80%93private_partnership" title="Public–private partnership">public–private partnership</a> (PPP) agreement with the <a href="/wiki/Government_of_Punjab,_India" title="Government of Punjab, India">Government of Punjab</a> to set up two hospitals in <a href="/wiki/Mohali" title="Mohali">Mohali</a> and <a href="/wiki/Bathinda" title="Bathinda">Bathinda</a>. In the same year, Max Healthcare commissioned its tertiary care hospital in <a href="/wiki/Shalimar_Bagh_(Delhi)" class="mw-redirect" title="Shalimar Bagh (Delhi)">Shalimar Bagh</a>, North West Delhi.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p><p>In 2012, <a href="/wiki/Life_Healthcare_Group" title="Life Healthcare Group">Life Healthcare Group</a> acquired a 26% stake in Max Healthcare for <span class="nowrap"><span style="white-space: nowrap">₹</span>516 crore</span> (US$96.56 million). In 2014, Life Healthcare invested another <span class="nowrap"><span style="white-space: nowrap">₹</span>766 crore</span> (US$125.51 million) to increase its stake to 46.41% and to become an equal joint venture partner with <a href="/wiki/Max_Group" title="Max Group">Max India</a>.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Nanavati_Super_Speciality_Hospital,_Mumbai,_Maharashtra,_India.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/1/11/Nanavati_Super_Speciality_Hospital%2C_Mumbai%2C_Maharashtra%2C_India.jpg/220px-Nanavati_Super_Speciality_Hospital%2C_Mumbai%2C_Maharashtra%2C_India.jpg" decoding="async" width="220" height="79" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/1/11/Nanavati_Super_Speciality_Hospital%2C_Mumbai%2C_Maharashtra%2C_India.jpg/330px-Nanavati_Super_Speciality_Hospital%2C_Mumbai%2C_Maharashtra%2C_India.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/1/11/Nanavati_Super_Speciality_Hospital%2C_Mumbai%2C_Maharashtra%2C_India.jpg/440px-Nanavati_Super_Speciality_Hospital%2C_Mumbai%2C_Maharashtra%2C_India.jpg 2x" data-file-width="2864" data-file-height="1024" /></a><figcaption><a href="/wiki/Nanavati_hospital" title="Nanavati hospital">Nanavati Max Super Speciality Hospital</a> in Mumbai</figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:BLK_Super_Specialty_Hospital.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/3/32/BLK_Super_Specialty_Hospital.jpg/220px-BLK_Super_Specialty_Hospital.jpg" decoding="async" width="220" height="163" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/3/32/BLK_Super_Specialty_Hospital.jpg/330px-BLK_Super_Specialty_Hospital.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/3/32/BLK_Super_Specialty_Hospital.jpg/440px-BLK_Super_Specialty_Hospital.jpg 2x" data-file-width="1024" data-file-height="761" /></a><figcaption>BLK-Max Super Speciality Hospital in Delhi</figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Sahara_Hospital,_Lucknow.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/0/05/Sahara_Hospital%2C_Lucknow.jpg/220px-Sahara_Hospital%2C_Lucknow.jpg" decoding="async" width="220" height="151" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/0/05/Sahara_Hospital%2C_Lucknow.jpg/330px-Sahara_Hospital%2C_Lucknow.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/0/05/Sahara_Hospital%2C_Lucknow.jpg/440px-Sahara_Hospital%2C_Lucknow.jpg 2x" data-file-width="800" data-file-height="550" /></a><figcaption><a href="/wiki/Sahara_Hospital" class="mw-redirect" title="Sahara Hospital">Max Super Specialty Hospital</a> (formerly Sahara Hospital) in Lucknow</figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Jaypee_hosptial.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Jaypee_hosptial.jpg/220px-Jaypee_hosptial.jpg" decoding="async" width="220" height="126" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Jaypee_hosptial.jpg/330px-Jaypee_hosptial.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Jaypee_hosptial.jpg/440px-Jaypee_hosptial.jpg 2x" data-file-width="767" data-file-height="441" /></a><figcaption>Jaypee Hospital in Noida</figcaption></figure> <p>In 2015, Max Healthcare acquired the Pushpanjali Crosslay Hospital in Vaishali, <a href="/wiki/Ghaziabad" title="Ghaziabad">Ghaziabad</a>,<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> and the Saket City Hospital in Saket. These hospitals were subsequently renamed as Max Hospital Vaishali, and Max Smart Hospital, Saket.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> A standalone oncology center called Max Cancer Centre was commissioned in <a href="/wiki/Lajpat_Nagar" title="Lajpat Nagar">Lajpat Nagar</a>, South Delhi, in 2016.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> </p><p>In 2018, Life Healthcare announced that it would sell its entire 49.7% stake in Max Healthcare and exit its joint venture with Max India.<sup id="cite_ref-bloombergquint.com_16-0" class="reference"><a href="#cite_note-bloombergquint.com-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> In 2019, Radiant Lifecare acquired 49.7% stake in Max Health Institute Limited for <span class="nowrap"><span style="white-space: nowrap">₹</span>2,136 crore</span> (US$303.32 million)<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> and Abhay Soi was made chairman.<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> In 2020, Max Healthcare merged with Radiant Lifecare, which operated BLK Hospital in <a href="/wiki/Central_Delhi" class="mw-redirect" title="Central Delhi">Central Delhi</a> and the <a href="/wiki/Nanavati_Hospital" class="mw-redirect" title="Nanavati Hospital">Nanavati Hospital</a> in Mumbai, to become the second-largest healthcare company in India by revenue.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-mint_1-1" class="reference"><a href="#cite_note-mint-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> </p><p>The company listed on the <a href="/wiki/Stock_exchange" title="Stock exchange">stock exchanges</a> in August 2020.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> Between 2021 and 2022, co-promoter <a href="/wiki/Kohlberg_Kravis_Roberts" title="Kohlberg Kravis Roberts">KKR & Co. Inc.</a> sold its entire stake in Max Healthcare. As a result, Abhay Soi became the sole promoter of the company with over 23% stake.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> </p><p>In 2021, the company obtained the rights to aid the development of a 500-bed hospital in Saket, South Delhi.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> It secured two land parcels in Gurgaon for two hospitals.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> The company also executed an O&M agreement to manage the 300-bed Muthoot Hospital in <a href="/wiki/Dwarka,_Delhi" title="Dwarka, Delhi">Dwarka, Delhi</a>.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> In 2022, it acquired a controlling stake in Eqova Healthcare, which had the rights to provide medical services to an upcoming hospital in <a href="/wiki/Patparganj" title="Patparganj">Patparganj</a>, East Delhi.<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup> </p><p>In December 2023, Max Healthcare acquired <a href="/wiki/Sahara_Hospital" class="mw-redirect" title="Sahara Hospital">Sahara Hospital</a> in <a href="/wiki/Lucknow" title="Lucknow">Lucknow</a> for <span class="nowrap"><span style="white-space: nowrap">₹</span>940 crore</span> (US$110 million).<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> In February 2024, it acquired Alexis Multi-Specialty Hospital in <a href="/wiki/Nagpur" title="Nagpur">Nagpur</a> for <span class="nowrap"><span style="white-space: nowrap">₹</span>412 crore</span> (US$49 million).<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup> </p><p>In September 2024, Max Healthcare acquired a 64% stake in Jaypee Healthcare at an enterprise value of <span class="nowrap"><span style="white-space: nowrap">₹</span>1,660 crore</span> (US$200 million), gaining control of three hospitals in <a href="/wiki/Noida" title="Noida">Noida</a>, <a href="/wiki/Bulandshahr" title="Bulandshahr">Bulandshahr</a> and <a href="/wiki/Anupshahr" title="Anupshahr">Anupshahr</a>.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Education_and_research">Education and research</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Max_Healthcare&action=edit&section=2" title="Edit section: Education and research"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1251242444">.mw-parser-output .ambox{border:1px solid #a2a9b1;border-left:10px solid #36c;background-color:#fbfbfb;box-sizing:border-box}.mw-parser-output .ambox+link+.ambox,.mw-parser-output .ambox+link+style+.ambox,.mw-parser-output .ambox+link+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+style+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+link+.ambox{margin-top:-1px}html body.mediawiki .mw-parser-output .ambox.mbox-small-left{margin:4px 1em 4px 0;overflow:hidden;width:238px;border-collapse:collapse;font-size:88%;line-height:1.25em}.mw-parser-output .ambox-speedy{border-left:10px solid #b32424;background-color:#fee7e6}.mw-parser-output .ambox-delete{border-left:10px solid #b32424}.mw-parser-output .ambox-content{border-left:10px solid #f28500}.mw-parser-output .ambox-style{border-left:10px solid #fc3}.mw-parser-output .ambox-move{border-left:10px solid #9932cc}.mw-parser-output .ambox-protection{border-left:10px solid #a2a9b1}.mw-parser-output .ambox .mbox-text{border:none;padding:0.25em 0.5em;width:100%}.mw-parser-output .ambox .mbox-image{border:none;padding:2px 0 2px 0.5em;text-align:center}.mw-parser-output .ambox .mbox-imageright{border:none;padding:2px 0.5em 2px 0;text-align:center}.mw-parser-output .ambox .mbox-empty-cell{border:none;padding:0;width:1px}.mw-parser-output .ambox .mbox-image-div{width:52px}@media(min-width:720px){.mw-parser-output .ambox{margin:0 10%}}@media print{body.ns-0 .mw-parser-output .ambox{display:none!important}}</style><table class="box-Promotional plainlinks metadata ambox ambox-content ambox-Advert" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/b/b4/Ambox_important.svg/40px-Ambox_important.svg.png" decoding="async" width="40" height="40" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/b/b4/Ambox_important.svg/60px-Ambox_important.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/b/b4/Ambox_important.svg/80px-Ambox_important.svg.png 2x" data-file-width="40" data-file-height="40" /></span></span></div></td><td class="mbox-text"><div class="mbox-text-span">This section <b>contains <a href="/wiki/Wikipedia:What_Wikipedia_is_not#Wikipedia_is_not_a_soapbox_or_means_of_promotion" title="Wikipedia:What Wikipedia is not">promotional content</a></b>.<span class="hide-when-compact"> Please help <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Max_Healthcare&action=edit">improve it</a> by removing <a href="/wiki/Wikipedia:Spam" title="Wikipedia:Spam">promotional language</a> and inappropriate <a href="/wiki/Wikipedia:External_links#Advertising_and_conflicts_of_interest" title="Wikipedia:External links">external links</a>, and by adding encyclopedic text written from a <a href="/wiki/Wikipedia:Neutral_point_of_view" title="Wikipedia:Neutral point of view">neutral point of view</a>.</span> <span class="date-container"><i>(<span class="date">October 2024</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Max-healthcare.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/d/d4/Max-healthcare.png" decoding="async" width="178" height="59" class="mw-file-element" data-file-width="178" data-file-height="59" /></a><figcaption>Old logo of Max Healthcare when it was part of the <a href="/wiki/Max_Group" title="Max Group">Max Group</a>.</figcaption></figure> <p>Max Institute of Medical Excellence (MIME) has held various training programs across multiple disciplines.<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup> Courses offered include a full-time postgraduate Internal Medicine Training (IMT) program in association with the Joint Royal College of Physicians Training Board (JRCPTB), UK.<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> The institute offers a program affiliated with the Lincoln American University, Guyana to train MBBS students. The clinical rotation of 88 weeks is divided among <a href="/wiki/Surgery" title="Surgery">surgery</a>, <a href="/wiki/Obstetrics" title="Obstetrics">obstetrics</a> and <a href="/wiki/Gynaecology" title="Gynaecology">gynecology</a>, <a href="/wiki/Pediatrics" title="Pediatrics">pediatrics</a>, and <a href="/wiki/Family_medicine" title="Family medicine">family medicine</a>, and various electives like <a href="/wiki/Gastroenterology" title="Gastroenterology">gastroenterology</a>, <a href="/wiki/Urology" title="Urology">urology</a>, <a href="/wiki/Nephrology" title="Nephrology">nephrology</a>, <a href="/wiki/Psychiatry" title="Psychiatry">psychiatry</a>, <a href="/wiki/Dermatology" title="Dermatology">dermatology</a>, <a href="/wiki/Orthopedics" class="mw-redirect" title="Orthopedics">orthopedics</a>, <a href="/wiki/Rheumatology" title="Rheumatology">rheumatology</a>, <a href="/wiki/Neurology" title="Neurology">neurology</a> and <a href="/wiki/Neurosurgery" title="Neurosurgery">neurosurgery</a>, <a href="/wiki/Cardiology" title="Cardiology">cardiology</a>, and <a href="/wiki/Cardiothoracic_surgery" title="Cardiothoracic surgery">cardio-thoracic surgery</a>, etc.<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Subsidiaries">Subsidiaries</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Max_Healthcare&action=edit&section=3" title="Edit section: Subsidiaries"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>Max Lab provides <a href="/wiki/Medical_diagnosis" title="Medical diagnosis">diagnostics</a> and <a href="/wiki/Pathology" title="Pathology">pathology</a> services through its own labs and partner entities. It is the third-largest diagnostics chain in north India.<sup id="cite_ref-hdfcsec_36-0" class="reference"><a href="#cite_note-hdfcsec-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup></li> <li>Max@Home provides <a href="/wiki/Home_care" title="Home care">home care</a>, <a href="/wiki/Home_health_nursing" title="Home health nursing">home health nursing</a>, <a href="/wiki/House_call" title="House call">house call</a> and <a href="/wiki/Online_pharmacy" title="Online pharmacy">medicine delivery</a> services among others.<sup id="cite_ref-hdfcsec_36-1" class="reference"><a href="#cite_note-hdfcsec-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="Controversies">Controversies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Max_Healthcare&action=edit&section=4" title="Edit section: Controversies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In September 2013, a patient who had received a <a href="/wiki/Artificial_cardiac_pacemaker" title="Artificial cardiac pacemaker">pacemaker implantation</a> at Max Super Speciality Hospital, <a href="/wiki/Mohali" title="Mohali">Mohali</a>, died after the doctor allegedly implanted a "wrong and cheap pacemaker". In 2014, the <a href="/wiki/Chief_Judicial_Magistrate_Court" title="Chief Judicial Magistrate Court">Chief Judicial Magistrate Court</a> (CJM) of Mohali summoned the hospital's CEO and doctor to stand trial against charges of medical negligence, conspiracy and cheating.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> In 2017, the <a href="/wiki/State_Consumer_Disputes_Redressal_Commissions_(India)" class="mw-redirect" title="State Consumer Disputes Redressal Commissions (India)">State Consumer Disputes Redressal Commission</a> ordered the hospital to pay a compensation of <span class="nowrap"><span style="white-space: nowrap">₹</span>32.94 lakh</span> (US$50,582.3) to the wife of the deceased patient.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup> The CJM's summoning order was upheld by the <a href="/wiki/Punjab_and_Haryana_High_Court" title="Punjab and Haryana High Court">Punjab and Haryana High Court</a> in 2024.<sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup> </p><p>In 2015, the <a href="/wiki/Competition_Commission_of_India" title="Competition Commission of India">Competition Commission of India</a> (CCI) ordered a probe into Max Super Speciality Hospital, <a href="/wiki/Patparganj" title="Patparganj">Patparganj</a>, which was allegedly selling disposable syringes to patients at inflated prices. In 2017, the CCI investigation concluded that the hospital was making 275% to 525% profits by forcing patients to buy the products at <a href="/wiki/Maximum_retail_price" title="Maximum retail price">maximum retail price</a> from its own pharmacy in "a clear instance of abuse of the dominant position". It noted that <a href="/wiki/Overcharge" title="Overcharge">overcharging</a> was prevalent across all 14 hospitals of Max Group.<sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup> </p><p>In 2016, the <a href="/wiki/Government_of_Delhi" title="Government of Delhi">Government of Delhi</a> ordered five hospitals in the city, including Max Super Speciality Hospital, <a href="/wiki/Saket_(Delhi)" title="Saket (Delhi)">Saket</a>, to pay a total fine of <span class="nowrap"><span style="white-space: nowrap">₹</span>600 crore</span> (US$89.29 million) for denying free-of-cost treatment to the poor. The government stated that the five hospitals were granted land at concessional rates on the condition that they provide free medical treatment to poor people totalling to 10% of all in-patients and 25% of all outpatients, but they had failed to comply with the condition.<sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">[</span>42<span class="cite-bracket">]</span></a></sup> </p><p>In December 2017, the <a href="/wiki/Government_of_Delhi" title="Government of Delhi">Government of Delhi</a> suspended the license of Max Super Speciality Hospital, <a href="/wiki/Shalimar_Gardens,_Delhi" title="Shalimar Gardens, Delhi">Shalimar Bagh</a>, which had wrongly declared a <a href="/wiki/Preterm_birth" title="Preterm birth">preterm baby</a> dead that was later found to be alive. Delhi Health Minister <a href="/wiki/Satyendar_Jain" class="mw-redirect" title="Satyendar Jain">Satyendar Jain</a> labelled the hospital as a "habitual offender" and said that three notices had been served to the hospital earlier over medical lapses.<sup id="cite_ref-43" class="reference"><a href="#cite_note-43"><span class="cite-bracket">[</span>43<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-44" class="reference"><a href="#cite_note-44"><span class="cite-bracket">[</span>44<span class="cite-bracket">]</span></a></sup> The hospital resumed operations later that month after the license suspension was stayed.<sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">[</span>45<span class="cite-bracket">]</span></a></sup> </p><p>During the <a href="/wiki/COVID-19_pandemic_in_India" title="COVID-19 pandemic in India">outbreak of COVID-19</a> in 2020, Max Super Speciality Hospital, Patparganj, received criticism for its high treatment costs. The hospital issued a statement that charges of over <span class="nowrap"><span style="white-space: nowrap">₹</span>1 lakh</span> (US$1,349.53) per day was applicable only for "very critical COVID-19 patients".<sup id="cite_ref-46" class="reference"><a href="#cite_note-46"><span class="cite-bracket">[</span>46<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">[</span>47<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Max_Healthcare&action=edit&section=5" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-mint-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-mint_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-mint_1-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFLeo2020" class="citation news cs1">Leo, Leroy (1 June 2020). <a rel="nofollow" class="external text" href="https://www.livemint.com/companies/news/max-healthcare-completes-merger-of-radiant-life-s-hospital-assets-with-self-11591010423967.html">"Max Healthcare completes merger of Radiant Life's hospital assets with self"</a>. <i>mint</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">29 March</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Business+Line&rft.atitle=Loss+of+face+for+Max+Hospital+over+steep+Covid-19+charges&rft.date=2020-06-14&rft.aulast=Porecha&rft.aufirst=Maitri&rft_id=https%3A%2F%2Fwww.thehindubusinessline.com%2Fnews%2Floss-of-face-for-max-hospital-over-steep-covid-19-charges%2Farticle31826850.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMax+Healthcare" class="Z3988"></span></span> </li> <li id="cite_note-47"><span class="mw-cite-backlink"><b><a href="#cite_ref-47">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.freepressjournal.in/india/max-healthcare-covid-19-pricing-controversy-all-you-need-to-know">"Max Healthcare COVID-19 pricing controversy - All you need to know"</a>. <i>Free Press Journal</i><span class="reference-accessdate">. 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