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Global investment firm Kohlberg Kravis Roberts-backed hospital management company Radiant Life Care is in the final stages of negotiations to acquire a 49 per cent stake in Max India’s hospital chain Max Healthcare. The companies are expected to announce the deal shortly, if not today.
The acquisition will followed by a de-merger of Max Healthcare, sources close to the development said.
According to earlier media reports, the proposed transaction would value Max Healthcare at about Rs 5,500 crore. However, this could not be independently confirmed.
Radiant Life Care is promoted by entrepreneur Abhay Soi, who holds 52.6 per cent stake and the remaining is held by KKR.
At about 1.35 pm, Max India shares were trading down 0.83 per cent at Rs 83.75 on the BSE.
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