single

Radiant Life Care, leading Indian hospital managementcompany promoted by Abhay Soi and backed by KKR, has completed the previously announced acquisition of a 49.7%stake in Max Healthcare Institute from South Africa-based hospital operator Life Healthcare. Abhay Soi will now lead Max Healthcare as Chairman of its Board and Executive Council.

Radiant's stake acquisition is one of several steps that will eventually result in Soi and KKR together acquiring acontrolling stake in Max Healthcare by combining the health care assets of Max Healthcare, Max India and Radiant to create the largest hospital network in North India.

As part of the transaction, Max India's promoters have received an advance of Rs 361 crore (US$52.2 million) fromKKR in exchange for a 4.99% stake in the merged entity. Max India's promoters have used the funds for deleveragingpurposes.

TAGS

0 thoughts on “Radiant Life Care acquires 49 7 stake in Max Healthcare from Life Healthcare”

Post Comment



  Share Tips

Intraday trading is an art of earning money from stock market and it requires a lot of patience and time to allocate in the daily schedule. But to see money from market is not an easy thing which it always do not gives opportunity with high profits. Many people do not have time to do intraday trading in their daily jobs in office or business. But here we make it very simple and easy.


View My Stats