Page 4 - Max Healthcare

Max Healthcare, IIIT-Delhi tie up for healthcare research, education

Max Healthcare Institute on Tuesday said it has tied up with IIIT-Delhi to advance healthcare research and education in India. The partnership aims to leverage the strengths of both organisations to promote and conduct high-quality research, develop cutting-edge healthcare solutions, and design and deliver capability and capacity-building programmes for healthcare professionals. "This collaboration will enable us to leverage the latest advancements in technology to develop innovative solutions that can improve patient outcomes and enhance the quality of care," Max Healthcare Institute Group Medical Director Sandeep Budhiraja said in a statement. Additionally, it will bring together the complementary expertise of both the organisations to develop new tools and solutions that can address the public health priorities in India and beyond, he added. Max Healthcare and Indraprastha Institute of Information Technology, Delhi (IIIT-Delhi) have signed a Memorandum of Understanding (MoU) to

Stocks to Watch today, May 24: Adani Group, Max Health, Biocon, Manyavar

Stocks to watch on May 24, 2023: Cummins, Hindalco, India Cements, LIC, National Aluminium, Nykaa and Oil India among prominent companies scheduled to announce Q4 results on Wednesday.

FTSE ups Manyavar's weighting; Max Healthcare likely to make MSCI cut

Global index provider FTSE has increased the weightage of Vedant Fashions (Manyavar) in four of its indices

GQG Partners buys Max Healthcare shares for Rs 415 cr via open market

GQG Partners on Monday acquired shares of hospital chain Max Healthcare Institute for Rs 415 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), GQG Partners Emerging Markets Equity Fund bought 75,50,000 lakh shares of the firm. The shares were purchased at an average price of Rs 549.70 apiece, taking the transaction value to Rs 415 crore. Details about the sellers could not be immediately ascertained. Shares of Max Healthcare Institute gained nearly 1 per cent to close at Rs 550.45 apiece on the NSE. During the day, the scrip also touched its 52-week high of Rs 558.85 per share on the bourse. In a separate bulk deal, Morgan Stanley Investment Funds offloaded 9.60 lakh shares of Gland Pharma for Rs 89 crore. Morgan Stanley Investment Funds Emerging Markets Equity Fund sold 9,60,271 shares at an average price of Rs 930.69 apiece. This took the deal value to Rs 89.37 crore. On Monday, shares of Gland Pharma tu

Max Healthcare Institute's PAT soars 86% to Rs 320 crore in Jan-Mar quarter

Max Healthcare Institute on Tuesday said its profit after tax (PAT) jumped 86 per cent to Rs 320 crore in March quarter 2022-23 on account of improvement in operating metrics in hospitals and reduction in finance costs. The healthcare provider had reported a PAT of Rs 172 crore for January-March 2021-22. Net revenue increased to Rs 1,551 crore in the fourth quarter from Rs 1,224 crore in the year-ago period, Max Healthcare said in a statement. For the year ended March 31, 2023, it posted a PAT of Rs 1,328 crore as compared with Rs 752 crore in 2021-22. Net revenue rose to Rs 5,902 crore in FY23 as compared with Rs 4,981 crore in 2021-22. Max Healthcare Institute Chairman and Managing Director Abhay Soi said the company is actively but prudently evaluating inorganic growth opportunities. The company said its board has approved a final dividend of Re 1 per equity share for the year ended March 31, 2023. Shares of the company ended 2.49 per cent down at Rs 506.90 apiece on the BSE.

MSCI rejig impact: Adani Total Gas, Adani Transmission dip 5%; Max soars 6%

Among the new additions to the MSCI Small Cap index, KFIN Technologies, Syrma SGS Technology and Ujjivan Small Finance Bank have rallied up to 6 per cent.

HC appoints arbitrator in Max Healthcare, Care Hospitals dispute case

Max says as it has signed a term sheet with Quality Care for the acquisition of Care Hospitals, its offer should be decided first

Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health

Stocks to Watch: Shares of aviation firms, such as IndiGo, SpiceJet, Jet Airways, are likely to be in focus on May 03 after Go First filed for insolvency proceeding on Tuesday.

Max Healthcare Institute moves Bombay HC against Quality Care, Evercare

Breach of contract alleged in an offer to acquire Hyderabad-based Care Hospitals

Max moves HC against Quality Care, Evercare over hospital chain buyout

Breach of contract alleged in an offer to acquire Hyderabad-based Care Hospitals

Stocks to Watch: Infosys, HDFC Bank, Zee Ent, Tata Motors, VA Tech Wabag

Stocks to Watch: Infosys delivered a weak performance in Q4 as its profit declined 6.9 per cent on a sequential basis, while revenue dropped 2.3 per cent QoQ

Max Healthcare Q3 PAT up 7% to Rs 269 cr, revenue rises to Rs 1,559 cr

Max Healthcare Institute on Thursday reported a 7 per cent increase in its consolidated profit after tax at Rs 269 crore for the December quarter. The healthcare provider had posted a profit after tax of Rs 252 crore in the October-December period of last fiscal. Network gross revenue increased to Rs 1,559 crore, reflecting a 13 per cent year-on-year growth, Max Healthcare said in a statement. "By virtue of focus on healthcare infrastructure, research and skilling as well as ground breaking policies such as National Digital Healthcare Mission, Heal In India and Heal By India, the government has established a solid foundation to enable the private sector players in India to cater to both domestic and global requirements at affordable prices," Max Healthcare Institute Chairman and MD Abhay said. Shares of the company ended 0.23 per cent down at Rs 440.4 apiece on the BSE.

Max Healthcare rallies 5%; hits record high on healthy Q2 results

The growth in Q2FY23 revenue and operating EBITDA were driven by higher occupancies, improved payor mix, and increased ARR in OPD.

Max Healthcare net profit rises three-fold to Rs 457 crore in Sept quarter

Max Healthcare on Tuesday reported an over three-fold rise in its consolidated net profit for the second quarter to Rs 457.35 crore, as against Rs 144.65 crore in the year-ago period. The healthcare provider's revenue from operations stood at Rs 1,137.12 crore during the July-September period, up from Rs 1,019.26 crore, a regulatory filing showed. Its total expenses also increased to Rs 897.72 crore during the quarter under review, as against Rs 860.09 crore in the year-ago period. Abhay Soi, Chairman and MD, Max Healthcare Institute Ltd, said: "The performance for Q2 FY23 is as per our expectations and reflects the focus on execution across the organisation in line with our articulated strategy. Healthcare sector in general and Max Healthcare in particular are making significant investments over the next 4-5 years leading to huge employment opportunities and a multiplier effect on GDP." He added that the impetus provided by the government through its focus on healthcare and 'heal

Max Health gross revenue at lifetime high in Q2FY23 on improved occupancy

International patient revenues up 16% during quarter, 110% of pre-Covid average; PAT grows 29% on like-to-like basis

What is keeping analysts upbeat on hospital stocks?

Several hospital players are on an expansion spree, as things are getting better for them after the Covid lull. Will the aggressive expansion cycle help the sector achieve sustainable growth ahead?

Hospital chains abused their dominance to charge exorbitant prices: Report

A CCI investigation showed that higher pricing was charged for renting rooms, medicines, tests, medical devices, and consumables. In some hospitals, the room rents exceeded charges of 4-star hotels

GIC, Capital Group buy KKR's entire stake in Max Health; stock surges 10%

KKR sold the entire 26.8% stake worth Rs 9,400 cr as part of its exit strategy

Sensex jumps 379 pts, Nifty tops 17,800; auto stocks in fast lane, PSBs dip

CLOSING BELL: Maruti Suzuki, M&M, Asian Paints, HUL, Ultratech Cement, Tech M, and HDFC twins were the top gainers on the Sensex index

Stocks to Watch: LIC, ONGC, Max Health, Hero Moto, Zee Entertainment, M&M

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.