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



  Stock Future Tips

Majority of the intraday traders are trading in stock future with decent capital as the profit is more. stock future tips are not as like cash calls which need to put number of shares to buy, all are said in lot basis which differed from each company.


View My Stats