Max Healthcare Institute Ltd said it will buy Starlit Medical Centre Pvt Ltd for an enterprise value of Rs 940 crore, thus acquiring the ownership of 550-bed Sahara Hospital in Lucknow.
The company has executed a binding share purchase agreement (SPA) for the acquisition of a 100 per cent stake of Starlit Medical Centre, which had entered into a business transfer agreement with Sahara India Medical Institute for the purchase of the healthcare unit on a slump sale basis, Max Healthcare Institute said in a statement.
The 550-bed Sahara Hospital treats about 200,000 patients every year and has a revenue potential of 2 billion rupees for fiscal 2024, Max said.
