Acquisition History / Max Healthcare Institute Ltd / Jaypee Healthcare Ltd (64%)

Max Healthcare Institute Ltd Acquires Jaypee Healthcare Ltd (64%)

Announced September 13, 2024 — $187.6M

Max Healthcare Institute LtdHospitals2024

What happened

Max Healthcare agreed with Lakshdeep Group, promoter of Jaypee Healthcare, to acquire a 64% controlling stake at an enterprise value of Rs 1,660 crore while the target was in corporate insolvency resolution. The prize asset is the 500-bed Jaypee Hospital in Noida. Max also agreed to arrange debt to repay admitted financial creditor claims, with call and put options over the balance stake.

Acquirer
Max Healthcare Institute Ltd
Target
Jaypee Healthcare Ltd (64%)
Announced
September 13, 2024
Price
$187.6M
Industry
Hospitals
Buyer type
Strategic acquirer
Status
Announced, not yet closed

By the numbers

Max Healthcare Institute Ltd's acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 Max Healthcare Institute Ltd deals
Max Healthcare Institute Ltd's average disclosed price
$187.6M
Max Healthcare Institute Ltd's largest disclosed deal
Jaypee Healthcare Ltd (64%) ($187.6M)
Tracked acquisitions in 2024
157 across all acquirers
Max Healthcare Institute Ltd in Hospitals
1 acquisition

Frequently Asked Questions About This Acquisition

When did Max Healthcare Institute Ltd acquire Jaypee Healthcare Ltd (64%)?

Max Healthcare Institute Ltd acquired Jaypee Healthcare Ltd (64%) on September 13, 2024. This was Max Healthcare Institute Ltd's 1st publicly tracked acquisition out of 1 we have on record.

How much did Max Healthcare Institute Ltd pay for Jaypee Healthcare Ltd (64%)?

Max Healthcare Institute Ltd paid $187.6M for Jaypee Healthcare Ltd (64%).

What does Jaypee Healthcare Ltd (64%) do?

Max Healthcare agreed with Lakshdeep Group, promoter of Jaypee Healthcare, to acquire a 64% controlling stake at an enterprise value of Rs 1,660 crore while the target was in corporate insolvency resolution. The prize asset is the 500-bed Jaypee Hospital in Noida. Max also agreed to arrange debt to repay admitted financial creditor claims, with call and put options over the balance stake.

What other Hospitals companies has Max Healthcare Institute Ltd acquired?

Jaypee Healthcare Ltd (64%) is Max Healthcare Institute Ltd's only publicly tracked acquisition in Hospitals so far.

Read the full article →

More Hospitals acquisitions