In an email response, Life Healthcare Managing Director Michael Flemming tells Joe C Mathew on what the deal means to his company. Edited experts:
Are you doing it on your own, or is it part of the Life Healthcare-International Finance Corporation (IFC) partnership announced last year to encourage investments in countries including India?
This is a Life Healthcare investment. We work closely with the IFC, who also have an investment in Life Healthcare and we are aligned in our strategies as regards investing in selected emerging countries.
What is the value you intend to bring in to Max India? What is the synergistic advantage of this deal from Life Healthcare’s point of view?
Life Healthcare will work closely with Max Healthcare to transplant its expertise and cutting-edge practices in the areas such as nursing and training, information technology and information, and standardisation of cross facility systems. This deal will provide Life Healthcare with an ideal platform to participate in the high-growth Indian private healthcare space.