MAX HEALTHCARE TO SET UP 712-BED FACILITY IN LUCKNOW FOR Rs 1,400 CRORE

Corporate hospital chain $MAXHEALTH is stepping up it's expansion focus by setting up a 712-bed greenfield facility in Lucknow at an investment of Rs 1,400 crore. The proposed facility will be built on a 5-acre land parcel and will be the company's second hospital in the city. It is expected that the facility will commission in FY30 and will cater to the growing demand for healthcare services in Uttar Pradesh. Having a market cap of Rs 99,587 crore, the company has reported a strong profit growth of 60% CAGR over the past 5 years. With new expansion plans in the pipeline, the company's profit is expected to further grow in the coming years making it an attractive investment option.