Max Healthcare acquires 550-bed Sahara Hospital For ₹940 crore

Max Healthcare Institute Ltd has entered into a transaction that would give it control of Lucknow’s Sahara Hospital, a 550-bed facility, for a total consideration of ₹940 crore. The acquisition marks Max Healthcare’s entry into Lucknow. The healthcare provider entered into a Share Purchase Agreement to acquire 100 percent stake of Starlit Medical Centre for an enterprise value of ₹940 crore through its wholly-owned subsidiary, Crosslay Remedies Limited (CRL). Starlit had entered into a Business Transfer Agreement with Sahara India Medical Institute Ltd to purchase the healthcare undertaking consisting of the Sahara Hospital, on a slump sale basis, Max Healthcare told the stock exchange.