Max Healthcare gets on with 4 new hospitals

Mumbai: Max Healthcare has decided to add four new hospitals to its network by 2010, including one with an exclusive focus on oncology, according to its Chairman, Mr. Analjit Singh.

Max expansion plan will now extends to setting up a hospital in Dehradun, though it is unlikely to venture into other regions of the country, just yet. At present, Max has hospitals in Delhi.

Though Max Healthcare was among the early birds in setting up a retail chain of hospitals, it narrowed its spread to the NCR region alone.

According to Mr. Mukesh Shivdasani, Executive Director of Max Healthcare Institute, of the Rs. 1,100-crore investment plan, Rs 700 crore is already invested.

Another Rs 300 crore comes from the recent funding extended by the International Finance Corporation, said Mr. Singh, adding that the rest would be put in by Max.

It may be noted that Max Healthcare clocked revenues of Rs. 372 crore for the year ended March 2008.

As part of its expansion, the company looks to introduce new services like organ transplant, besides an intensive, focussed homecare programme, said Mr Shivdasani.

The healthcare company is close to a cash breakeven, and is looking to add new partnerships in terms of education and training, he said.