Shares of Max Healthcare Institute Ltd surged 2.75% to touch a day’s high of Rs 1,057 on 18th December. This happened after the company said its board had approved the acquisition of Yerawada Properties Private Limited (YPPL) for around Rs 200 crore. Along with this acquisition, they plan to invest up to Rs 1,020 crore to set up a 450-bed super-speciality hospital in Pune. This marks a major expansion in Maharashtra.

Max Healthcare said in an exchange filing that it will acquire a 100% stake in Yerawada Properties Private Limited (YPPL) through a phased transaction. In the first tranche, the company will purchase all Class A shares, giving it 100% voting rights and around 50.22% economic interest. The remaining Class B shares will be acquired over the next four years. This depends on milestones such as receipt of the occupancy certificate.

YPPL owns a 1.68-acre freehold land parcel in Yerawada, a prime location in Pune. Max Healthcare plans to invest up to Rs 1,020 crore to cover land acquisition, construction, medical equipment, stamp duty, and other costs over the next four years. These funds will be used to develop a 450-bed super-speciality hospital. The project will be funded through internal accruals and term loans, and no regulatory approvals are required for the acquisition.

The expansion comes as Max Healthcare’s hospitals are operating at high utilisation. Their network occupancy was above 76% in the first half of FY26. As of 30th September, 2025, the company had an operational capacity of around 5,200 beds. The company also clarified that the acquisition is not a related-party transaction. They stated neither the promoter nor the promoter group has any interest in YPPL.

Max Healthcare September Quarter Results

For the September quarter, Max Healthcare reported a net profit of Rs 491 crore, up 74.3% year over year. Meanwhile, revenue rose 25% to Rs 2,135 crore. EBITDA increased 17.5% to Rs 575 crore, with margins improving to 26.9%.

At 1:36 PM, shares of Max Healthcare were trading 2.49% higher at Rs 1,056.80 on NSE.

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