Max Healthcare Institute Limited is an Indian hospital chain based in

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament Ho ...

and a part of

Max Group Max Group is an Indian conglomerate headquartered in New Delhi, operating in the fields of life insurance, healthcare, hospitality, real estate and independent senior living. It was founded in 1985 by Analjit Singh. Max Group companies includ ...

. Max Healthcare owns and operates healthcare facilities across Delhi National Capital Region, as well as one hospital each in Mohali,

Bathinda Bathinda is a city and municipal corporation in Punjab, India. The city is the administrative headquarters of Bathinda District. It is located in northwestern India in the Malwa Region, west of the capital city of Chandigarh and is the fifth l ...

, Dehradun, and

Mumbai Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

History

Max Healthcare opened its first medical center in South Delhi's Panchsheel Park in 2000. The company opened two other secondary care centers in

Pitampura Pitampura is an upscale residential area in North Delhi district of Delhi, India. It is located adjacent to Rohini. Pitampura is an upscale and affluent locality, in the North West Delhi district of Delhi, India. Property rates of Pitampura are ...

in North West Delhi and the eastern Delhi suburb of Noida in 2002. In 2004, the company commissioned the East Block of its flagship tertiary care Hospitals called Max Hospital, Saket in

South Delhi South Delhi is an administrative district of the National Capital Territory of Delhi in India with its headquarters in Saket. Administratively, the district is divided into three subdivisions, Saket, Hauz Khas, and Mehrauli. It is bounded by t ...

. Max Healthcare ventured into Gurgaon, the South Western suburb of Delhi with a secondary care hospital in 2007. In 2011, Max Healthcare entered into a

public–private partnership A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Adminis ...

(PPP) agreement with the

government of Punjab, India The Government of Punjab, also known as the State Government of Punjab or locally as the State Government, is the supreme governing authority of the Indian state of Punjab and its 23 districts. It consists of an executive, led by the Governor ...

and set up two hospitals in Mohali near

Chandigarh Chandigarh () is a planned city in India. Chandigarh is bordered by the state of Punjab to the west and the south, and by the state of Haryana to the east. It constitutes the bulk of the Chandigarh Capital Region or Greater Chandigarh, which a ...

and in

. In the same year, Max Healthcare commissioned its tertiary care hospital in Shalimar Bagh,

North West Delhi North West Delhi is an administrative district of the National Capital Territory of Delhi in India. Geography North West Delhi is bounded by the Yamuna River on the northeast, and by the districts of North Delhi to the east and southeast, Wes ...

. In 2015, Max Healthcare acquired Pushpanjali Crosslay Hospital in Vaishali,

Ghaziabad Ghaziabad () is a city in the Indian state of Uttar Pradesh and a part of Delhi NCR. It is the administrative headquarters of Ghaziabad district and is the largest city in western Uttar Pradesh, with a population of 1,729,000. Ghaziabad Mun ...

, and the Saket City Hospital in Saket. These hospitals were subsequently rechristened as Max Hospital, Vaishali, and Max Smart Hospital, Saket. A standalone oncology center called Max Cancer Centre was commissioned in

Lajpat Nagar Lajpat Nagar is a residential and commercial neighborhood in the South East Delhi district of Delhi. It was named in honor of Lala Lajpat Rai and is today most known for the Lajpat Nagar Central Market. This area is not to be confused with the ...

, South Delhi in 2016. In 2018,

Life Healthcare Group Life Healthcare Group, formerly Afrox Healthcare, is the second largest private hospital operator in South Africa, with 6,500 beds. It is also the largest black Black is a color which results from the absence or complete absorption of vi ...

announced that it would sell its entire 49.7% stake in Max Healthcare and exit the joint venture with Max India. In 2019, Radiant Lifecare acquired 49.7 percent stake in Max Health Institute Limited for Rs 2136 crore and Abhay Soi was made chairman. In 2020, Max Healthcare merged with Radiant Lifecare, which operated BLK Hospital in Central Delhi and the Nanavati Hospital in Mumbai to emerge as the second-largest healthcare company by revenue. The company listed on the

stock exchanges A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the ...

in August 2020. Between 2021 and 2022, co-promoter KKR & Co. Inc. sold its entire stake in Max Healthcare. As a result, Abhay Soi became the sole promoter of the company with over 23% stake.

Awards

*Best HR Practise in Healthcare by Asia Healthcare Excellence Awards *Best Use of AI in the Enterprise by Economic Times Health World *CII National Excellence Practice *Award for Quality and Improvement

Controversy

During the outbreak of COVID 19, a controversy stirred about the charges exercised by the hospital for those who were positive. The hospital later clarified that those charges were inclusive of other charges.

References

External links

*{{Official website, http://www.maxhealthcare.in/ Health care companies established in 2000 Companies based in Delhi Hospitals in Delhi Hospitals established in 2000 Indian companies established in 2000 Health care companies of India Hospital networks in India 2000 establishments in Delhi Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange