MAXHEALTH

March 14 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• UPDATES ON MATTER AGAINST COMPETITION COMMISSION OF INDIA

• WITHDRAWS WRIT PETITION CHALLENGING ORDER OF CCI

Source text: ID:nBSE9bhFwW

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March 12 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• TO ENTER INTO AGREEMENT WITH BHARAT PRAKRITIK CHIKITSA MISSION

• CONSTRUCTION OF HOSPITAL PREMISES EXPECTED TO BE COMPLETED IN NEXT 3-4 YRS

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July 16 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• MAX HEALTHCARE INSTITUTE - UNIT GOT TAX ORDER FOR PENALTY OF 61.6 MILLION RUPEES

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May 22 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• Q4 CONSOL PROFIT 2.52 BILLION RUPEES; LSEG IBES PROFIT EST. 3.62 BILLION RUPEES

• APPROVED AN OVERALL SPEND OF UPTO 10.38 BILLION RUPEES TOWARDS CONSTRUCTION OF GURUGRAM HOSPITAL

• Q4 CONSOL REVENUE FROM OPERATIONS 14.23 BILLION RUPEES; LSEG IBES EST. 18.04 BILLION RUPEES

• YEAR AGO Q4 CONSOL PROFIT 2.51 BILLION RUPEES; REVENUE 12.15 BILLION RUPEES

• APPROVED OVERALL SPEND OF UPTO 3.76 BILLION RUPEES TOWARD EXPANSION OF MOHALI HOSPITAL

• DIVIDEND OF 1.5 RUPEES PER SHR

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Repeats for wider distribution with no changes to text

MUMBAI/BENGALURU, May 6 (Reuters) - Global investment firm KKR KKR.N will buy Indian medical devices maker Healthium Medtech HEAT.NS from UK-based Apax Partners in a deal that three sources with direct knowledge of the matter say is valued at 70 billion rupees ($838.60 million).

Healthium and Apax did not immediately respond to Reuters' requests seeking comment, while KKR declined to comment.

KKR will acquire Healthium through a special purpose vehicle - owned by KKR-managed funds - that will have a controlling interest in Healthium group, including Healthium Medtech, the three companies said in a statement.

The acquisition marks KKR's latest investment in the Indian healthcare sector, with the firm already holding stakes in Indian drugmaker J B Chemicals and Pharmaceuticals JBCH.NS, hospital chain operator Max Healthcare MAXE.NS and generic injectables maker Gland Pharma GLAD.NS.

Private equity firm Apax bought Healthium, which is involved in the manufacturing of products used in surgical, post-surgical, and chronic care procedures, in 2018.

($1 = 83.4725 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru, M. Sriram in Mumbai, Kane Wu in Hong Kong; Editing by Janane Venkatraman )

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March 12 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• CO, TOUCH HEALTHCARE AND OTHERS HAVE ENTERED INTO AN AGREEMENT

• AGREEMENT IN RESPECT OF THE ONGOING ARBITRATION PROCEEDINGS BETWEEN THE PARTIES
  PURSUANT TO AGREEMENT SAID ARBITRATION PROCEEDINGS HAVE BEEN DISCONTINUED

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Jan 31 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• APPROVED TO ACQUIRE ADDITIONAL EQUITY STAKE OF 3.6% IN SANDHYA HYDRO POWER PROJECTS BALARGHA

• Q3 CONSOL PROFIT 2.89 BILLION RUPEES; LSEG IBES EST. 3.32 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 13.35 BILLION RUPEES

• YEAR AGO Q3 CONSOL PROFIT 2.22 BILLION RUPEES; REVENUE 11.42 BILLION RUPEES

• APPROVED TO ACQUIRE ADDITIONAL EQUITY STAKE OF 3.6% IN SANDHYA HYDRO POWER PROJECTS BALARGHA

• COST OF ACQUISITION AT 8.5 MILLION RUPEES

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Dec 8 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• MAX HEALTHCARE INSTITUTE LTD- ENTERS INTO A SHARE PURCHASE AGREEMENT FOR ACQUISITION OF 550 BEDDED SAHARA HOSPITAL, LUCKNOW

• MAX HEALTHCARE INSTITUTE LTD- DEAL FOR ENTERPRISE VALUE OF 9.4 BILLION RUPEES

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Nov 6 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• SEPT-QUARTER CONSOL PROFIT 2.77 BILLION RUPEES; LSEG IBES EST. 3.24 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 13.63 BILLION RUPEES

• YEAR AGO SEPT-QUARTER CONSOL PROFIT 4.57 BILLION RUPEES; REVENUE 11.39 BILLION RUPEES

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Aug 7 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• INDIA'S MAX HEALTHCARE INSTITUTE JUNE-QUARTER CONSOL PROFIT 2.4 BILLION RUPEES VERSUS 1.73 BILLION RUPEES

• MAX HEALTHCARE INSTITUTE JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.85 BILLION RUPEES VERSUS 10.67 BILLION RUPEES

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Adds context on industry, source feed on potential deal

By M. Sriram

MUMBAI, May 26 (Reuters) - Investors in Aster DM Healthcare ATRD.NS are in talks to sell a 30% stake in the company's India business for about $300 million, two sources with direct knowledge said, the latest potential deal in India's booming healthcare sector.

UAE-based and Mumbai-listed Aster runs 32 hospitals, 127 clinics and 521 pharmacies in India and the United Arab Emirates. The current talks are related to the India business and come just as Aster tries to demerge its Gulf business and sell a majority stake in that, Reuters reported last month.

Aster and its advisors have reached out to private equity giant KKR & Co Inc KKR.N and Max Healthcare Institute MAXE.NS - one of India's largest hospital chains - to hold preliminary talks to take up the investors' stake, the sources said.

Aster's investors considering the sale are Olympus Capital, which has a 19% stake in the company, and Mauritius-based investment firm Rimco, which holds an 12% stake.

Aster has appointed New York-based investment bank Moelis & Company to manage the deal, said the two sources, who declined to be named as the discussions are private.

Spokespersons for KKR and Olympus declined to comment, while Aster, Rimco, Moelis and Max did not respond to Reuters queries.

In India, private hospitals are much sought after and with federal spending on healthcare low, investors remain bullish on the sector's growth in a country of 1.4 billion people.

In April, Singapore-based Temasek spent $2 billion on a controlling stake in Manipal Health Enterprises. And last year, KKR clocked its biggest exit from India by selling its stake 27% stake in Max Healthcare for more than $1 billion.

Indian hospital chains have raised $2 billion from private equity funds this year, compared to last year's record funding of $3.2 billion, data from Dealogic showed.

"Compared to population healthcare is still underpenetrated in India. So as the country develops, investors see that as a big opportunity," one of the sources said.

Separately, as discussions progress for the 30% stake sale in the India business, Aster will gauge if other hospital chains are interested in taking a bigger stake in the healthcare operator, though the strategy has not been finalised, the first source said.

Aster is mainly present in the southern Indian states of Kerala and Andhra Pradesh. It competes with other large hospital chains including Fortis Healthcare FOHE.NS, Manipal Hospitals and Max, all of whom have raised funds from global investors in recent years.

"Aster is now the last remaining large hospital chain where private equity or strategic investors can come in. There aren't many other established chains," the first source said.

For the fiscal year ended March 31, Aster's revenue grew 16% to $1.46 billion, while its net profit stood at $51.36 million.

(Reporting by M. Sriram; editing by Conor Humphries and Jason Neely)

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May 16 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• MARCH-QUARTER CONSOL PROFIT 2.51 BILLION RUPEES VERSUS PROFIT 1.24 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.15 BILLION RUPEES VERSUS 9.37 BILLION RUPEES

• DIVIDEND ONE RUPEE PER SHARE

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- Source link: (https://bityl.co/IT4y)

- Note: Reuters has not verified this story and does not vouch for its accuracy

(Bengaluru newsroom)

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April 27 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• FILED PETITION IN COURT AGAINST TOUCH HEALTHCARE, QUALITY CARE INDIA, EVERCARE GROUP MANAGEMENT

• PETITION SEEKS INTERIM MEASURES OF PROTECTION, PRESERVATION OF CONTRACTUAL RIGHTS AVAILABLE TO CO PRIOR TO ARBITRATION COMMENCEMENT

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April 13 (Reuters) - Max Healthcare Institute Ltd MAXE.NS:

• MAX HEALTHCARE INSTITUTE LTD - COMPLETED ACQUISITION OF ADDITIONAL 34% STAKE IN EQOVA HEALTHCARE

Source text for Eikon: ID:nBSE3q6HCs

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