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Max Health's Soi says to buy more hospitals; shares hit upper circuit on debut

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₹112.35 per share, on the BSE, after opening at ₹107.“I think M&A and turnarounds have been intrinsic to our growth, and we intend to stick to our knitting.

Due to the current financial distress, a lot of hospital chains and balance sheets have been impacted in India. I believe this will throw up a lot of consolidation opportunities for us to consolidate our business and grow it further," Soi said at a virtual press conference.The company will also look at operations and management contracts with real estate developers and real estate investment trusts.

The plan is still in early stages and the company would focus on it once the pandemic ends, Soi said.Max Healthcare will look at acquiring value-accretive single hospitals that are of.

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