The company has executed a binding share purchase agreement (SPA) for the acquisition of 100 per cent stake of Starlit Medical Centre Pvt Ltd, which had entered into a business transfer agreement with Sahara India Medical Institute Ltd for purchase of healthcare undertaking consisting of 550-bedded Sahara Hospital, Lucknow, on a slump sale basis, Max Healthcare Institute said in a statement.
The company said all hospitals improved their average revenue per operating bed (ARPOB) during the period and the overall average growth in ARPOB stood at 13 per cent year-on-year (YoY). During the quarter, international patient revenue grew by 25 per cent as compared to the year-ago period, and the share of international patient revenues stood at 9 per cent of the hospital revenue during the quarter, it added.
India Business News: Max Healthcare Institute Ltd reported a 26.59% increase in profit after tax to Rs 338 crore in Q2 2023. The company's network gross revenue also rose
Max Healthcare said its profit after tax (PAT) jumped 86 per cent to Rs 320 crore in March quarter 2022-23 on account of improvement in operating metrics in hospitals and reduction in finance costs.