Max Healthcare Institute Ltd. announced the execution of a binding Share Purchase Agreement for acquisition of 100 percent stake in Starlit Medical Centre Pvt. Ltd. (Starlit) for an enterprise value of Rs 940 crore. Starlit had entered into a Business Transfer Agreement with Sahara India Medical Institute Ltd for purchase of healthcare undertaking consisting of the 550-bedded Sahara Hospital, Lucknow, on a slump sale basis. The total consideration of Rs 940 crore includes amount payable to financial creditor and sellers, according to the filing.
The hospital is located on a land parcel of 27 acres at Gomti Nagar, Lucknow, and housed in a 17-storey building with a built-up area of 8.9 Lakh sq ft. and offers multi-disciplinary care in various specialties like Gastroenterology, Neuro, Surgery, Cardiology and diagnostics facilities. It also has a Nursing College on the same premises, which offers GNM, BSc and MSc courses, with annual intake of 100+ students.
