Max Healthcare to Acquire Starlit Medical Centre at Enterprise Value of Rs 940 Crore; the share purchase agreement was executed for an enterprise value of Rs 940 crore through one of the company's wholly-owned subsidiaries, Crosslay Remedies Ltd
Max Healthcare Institute Ltd said on Friday that it will fully acquire Starlit Medical Centre Pvt Ltd for an enterprise value of Rs 940 crore, thereby giving it the ownership of the 550-bed Sahara Hospital in Lucknow for about Rs 125 .
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.