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Mr Analjit Singh

Our Bureau

Mumbai, July 21 Max Healthcare is set to add four more hospitals to its network by 2010, including one with an exclusive focus on oncology, its Chairman, Mr Analjit Singh, has said.

With hospitals centred in Delhi and the National Capital Region (NCR), Max’s expansion plan now extends to setting up a hospital in Dehradun too, though it is unlikely to venture into other regions of the country, just yet, he said.

Though Max Healthcare was among the early birds in setting up a retail chain of hospitals, it narrowed its spread to the NCR region. Other corporate hospital chains in the country, albeit with a wider spread, include Apollo Hospitals, Wockhardt Hospitals and Fortis.

Explaining the funding of Max Healthcare’s expansion, Mr Mukesh Shivdasani, Executive Director of Max Healthcare Institute Ltd, said, of the Rs 1,100-crore investment plan, Rs 700 crore is already invested.

Another Rs 300 crore comes from the recent funding extended by the International Finance Corporation (IFC is a private sector arm of the World Bank Group), said Mr Singh, adding that the rest would be put in by Max.

There was no intention to list the company for the time being, he said, but added that of his group businesses, “these kids need to go out on their own!”

Responding to a query, he denied plans to exit the healthcare business. In the past Mr Singh has exited nine businesses, including his pharmaceutical venture, and started three new ones.

Max Healthcare clocked revenues of Rs 372 crore for the year ended March 2008. As part of its expansion, the company looks to introduce new services like organ transplant, besides an intensive, focussed homecare programme, said Mr Shivdasani.

The healthcare company is close to a cash breakeven, and is looking to add new partnerships in terms of education and training, he said.

More Stories on : Outlook | Medical Institutions & Hospitals

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