Max Healthcare Institute Limited is an Indian

for-profit Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessari ...

private Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded ...

hospital chain headquartered in

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, but spread chiefly to the west, or beyond its Bank (geography ...

. As of 2024, Max Healthcare operates 19 hospitals with more than 4,000 beds, primarily in

North India North India is a geographical region, loosely defined as a cultural region comprising the northern part of India (or historically, the Indian subcontinent) wherein Indo-Aryans (speaking Indo-Aryan languages) form the prominent majority populati ...

. Max Healthcare also operates the Max Lab

pathology Pathology is the study of disease. The word ''pathology'' also refers to the study of disease in general, incorporating a wide range of biology research fields and medical practices. However, when used in the context of modern medical treatme ...

and Max@Home home medical services divisions.

History

Max Healthcare opened its first medical center in

South Delhi South Delhi is an administrative district of the National Capital Territory of Delhi in India with its headquarters in Saket. Administratively, the district is divided into three subdivisions, Saket, Hauz Khas, and Mehrauli. It is bounded by ...

's Panchsheel Park in 2000. The company opened two other secondary care centers in Pitampura in

North West Delhi North West Delhi is an administrative district of the National Capital Territory of Delhi in India. Geography North West Delhi is bounded by the Yamuna River on the northeast, and by the districts of North Delhi to the east and southeast, Wes ...

and

Noida Noida (), short for New Okhla Industrial Development Authority (ISO: ), is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. As per provisional reports of Census of India, the population of Noida in 2011 was ...

in 2002. In 2004, the company commissioned the East Block of its

flagship A flagship is a vessel used by the commanding officer of a group of navy, naval ships, characteristically a flag officer entitled by custom to fly a distinguishing flag. Used more loosely, it is the lead ship in a fleet of vessels, typically ...

tertiary care hospital called Max Hospital, Saket in South Delhi. In 2007, Max Healthcare ventured into

Gurgaon Gurgaon (), officially named Gurugram (), is a satellite city of Delhi and administrative headquarters of Gurgaon district, located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest ...

with a secondary care hospital. In 2011, Max Healthcare entered into a

public–private partnership A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sectors, private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Revie ...

(PPP) agreement with the Government of Punjab to set up two hospitals in

Mohali Mohali, officially Sahibzada Ajit Singh Nagar or Ajitgarh, is a planned city in the Mohali district in Punjab, India, Punjab, India, which is an administrative and a commercial hub lying south-west of Chandigarh. It is the headquarters of the M ...

and

Bathinda Bathinda is a city and municipal corporation in Punjab, India. The city is the administrative headquarters of Bathinda district. It is located in northwestern India in the Malwa Region, west of the capital city of Chandigarh and is the fifth ...

. In the same year, Max Healthcare commissioned its tertiary care hospital in Shalimar Bagh, North West Delhi. In 2012, Life Healthcare Group acquired a 26% stake in Max Healthcare for . In 2014, Life Healthcare invested another to increase its stake to 46.41% and to become an equal joint venture partner with Max India. Jaypee hosptial

In 2015, Max Healthcare acquired the Pushpanjali Crosslay Hospital in Vaishali,

Ghaziabad Ghaziabad () is a city in the Indian state of Uttar Pradesh and a part of Delhi NCR. It is the administrative headquarters of Ghaziabad district and is the largest city in Western Uttar Pradesh, with a population of 1,729,000. Ghaziaba ...

, and the Saket City Hospital in Saket. These hospitals were subsequently renamed as Max Hospital Vaishali, and Max Smart Hospital, Saket. A standalone oncology center called Max Cancer Centre was commissioned in

Lajpat Nagar Lajpat Nagar is a residential and commercial neighborhood in the South East Delhi district of Delhi. It was named in honor of Lala Lajpat Rai and is today most known for Pranav Dudani. This area is not to be confused with the Lajpat Nagar in ...

, South Delhi, in 2016. In 2018, Life Healthcare announced that it would sell its entire 49.7% stake in Max Healthcare and exit its joint venture with Max India. In 2019, Radiant Lifecare acquired 49.7% stake in Max Health Institute Limited for and Abhay Soi was made chairman. In 2020, Max Healthcare merged with Radiant Lifecare, which operated BLK Hospital in

Central Delhi Central Delhi is an administrative district of the National Capital Territory of Delhi in India. It is bounded by the Yamuna River on the east and by the districts of North Delhi to the north, West Delhi and North West Delhi to the west, New Del ...

and the Nanavati Hospital in Mumbai, to become the second-largest healthcare company in India by revenue. The company listed on the

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

s in August 2020. Between 2021 and 2022, co-promoter KKR & Co. Inc. sold its entire stake in Max Healthcare. As a result, Abhay Soi became the sole promoter of the company with over 23% stake. In 2021, the company obtained the rights to aid the development of a 500-bed hospital in Saket, South Delhi. It secured two land parcels in Gurgaon for two hospitals. The company also executed an O&M agreement to manage the 300-bed Muthoot Hospital in

Dwarka, Delhi Dwarka is a neighbourhood located in Southwestern edge of Indian Capital New Delhi in South West Delhi district of the NCT of Delhi. The district court that functions under the Delhi High Court for South West Delhi is located in Dwarka. The ...

. In 2022, it acquired a controlling stake in Eqova Healthcare, which had the rights to provide medical services to an upcoming hospital in

Patparganj Patparganj is a locality situated in East Delhi District of the National Capital Territory of Delhi, India, and is located near the border with Uttar Pradesh. Patparganj has remained the Delhi Legislative Assembly constituency with East Delhi ( ...

, East Delhi. In December 2023, Max Healthcare acquired Sahara Hospital in

Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...

for . In February 2024, it acquired Alexis Multi-Specialty Hospital in

Nagpur Nagpur (; ISO 15919, ISO: ''Nāgapura'') is the second capital and third-largest city of the Indian state of Maharashtra. It is called the heart of India because of its central geographical location. It is the largest and most populated city i ...

for . In September 2024, Max Healthcare acquired a 64% stake in Jaypee Healthcare at an enterprise value of , gaining control of three hospitals in

Bulandshahr Bulandshahr, formerly Baran, is a city and a municipal board in Bulandshahr district in the state of Uttar Pradesh, India. It is the administrative headquarters of Bulandshahr district and part of Delhi NCR region. According to the Governme ...

and Anupshahr.

Education and research

Max Institute of Medical Excellence (MIME) has held various training programs across multiple disciplines. Courses offered include a full-time postgraduate Internal Medicine Training (IMT) program in association with the Joint Royal College of Physicians Training Board (JRCPTB), UK. The institute offers a program affiliated with the Lincoln American University, Guyana to train MBBS students. The clinical rotation of 88 weeks is divided among

surgery Surgery is a medical specialty that uses manual and instrumental techniques to diagnose or treat pathological conditions (e.g., trauma, disease, injury, malignancy), to alter bodily functions (e.g., malabsorption created by bariatric surgery s ...

obstetrics Obstetrics is the field of study concentrated on pregnancy, childbirth and the postpartum period. As a medical specialty, obstetrics is combined with gynecology under the discipline known as obstetrics and gynecology (OB/GYN), which is a su ...

and

gynecology Gynaecology or gynecology (see American and British English spelling differences) is the area of medicine concerned with conditions affecting the Female reproductive system, female reproductive system. It is often paired with the field of obste ...

pediatrics Pediatrics (American English) also spelled paediatrics (British English), is the branch of medicine that involves the medical care of infants, children, Adolescence, adolescents, and young adults. In the United Kingdom, pediatrics covers many o ...

, and

family medicine Family medicine is a medical specialty that provides continuing and comprehensive health care for the individual and family across all ages, genders, diseases, and parts of the body. The specialist, who is usually a primary care physician, is ...

, and various electives like

gastroenterology Gastroenterology (from the Greek gastḗr- "belly", -énteron "intestine", and -logía "study of") is the branch of medicine focused on the digestive system and its disorders. The digestive system consists of the gastrointestinal tract, sometime ...

urology Urology (from Ancient Greek, Greek wikt:οὖρον, οὖρον ''ouron'' "urine" and ''wiktionary:-logia, -logia'' "study of"), also known as genitourinary surgery, is the branch of medicine that focuses on surgical and medical diseases of t ...

nephrology Nephrology is a specialty for both adult internal medicine and pediatric medicine that concerns the study of the kidneys, specifically normal kidney function (renal physiology) and kidney disease (renal pathophysiology), the preservation of kid ...

psychiatry Psychiatry is the medical specialty devoted to the diagnosis, treatment, and prevention of deleterious mental disorder, mental conditions. These include matters related to cognition, perceptions, Mood (psychology), mood, emotion, and behavior. ...

dermatology Dermatology is the branch of medicine dealing with the Human skin, skin.''Random House Webster's Unabridged Dictionary.'' Random House, Inc. 2001. Page 537. . It is a speciality with both medical and surgical aspects. A List of dermatologists, ...

orthopedics Orthopedic surgery or orthopedics (American and British English spelling differences, alternative spelling orthopaedics) is the branch of surgery concerned with conditions involving the musculoskeletal system. Orthopedic surgeons use both surgic ...

rheumatology Rheumatology () is a branch of medicine devoted to the diagnosis and management of disorders whose common feature is inflammation in the bones, muscles, joints, and internal organs. Rheumatology covers more than 100 different complex diseases, c ...

neurology Neurology (from , "string, nerve" and the suffix wikt:-logia, -logia, "study of") is the branch of specialty (medicine) , medicine dealing with the diagnosis and treatment of all categories of conditions and disease involving the nervous syst ...

and

neurosurgery Neurosurgery or neurological surgery, known in common parlance as brain surgery, is the specialty (medicine), medical specialty that focuses on the surgical treatment or rehabilitation of disorders which affect any portion of the nervous system ...

cardiology Cardiology () is the study of the heart. Cardiology is a branch of medicine that deals with disorders of the heart and the cardiovascular system. The field includes medical diagnosis and treatment of congenital heart defects, coronary artery di ...

, and cardio-thoracic surgery, etc.

Subsidiaries

*Max Lab provides

diagnostics Diagnosis (: diagnoses) is the identification of the nature and cause of a certain phenomenon. Diagnosis is used in a lot of different disciplines, with variations in the use of logic, analytics, and experience, to determine " cause and effect". ...

and

services through its own labs and partner entities. It is the third-largest diagnostics chain in north India. *Max@Home provides

home care Homecare (home care, in-home care, care at home), also known as domiciliary care, personal care, community care, or social care, is health care or supportive care provided in the individual home where the patient or client is living, generally focu ...

home health nursing Home health is a nursing specialty in which nurses provide multidimensional home care to patients of all ages. Home health care is a cost efficient way to deliver quality care in the convenience of the client's home. Home health nurses create care ...

house call A house call is medical consultation performed by a doctor or other healthcare professionals visiting the home of a patient or client, instead of the patient visiting the doctor's clinic or hospital. In some locations, families used to pay ...

and medicine delivery services among others.

Controversies

In September 2013, a patient who had received a pacemaker implantation at Max Super Speciality Hospital,

, died after the doctor allegedly implanted a "wrong and cheap pacemaker". In 2014, the

Chief Judicial Magistrate Court Chief Judicial Magistrate's Court or Court of Chief Judicial Magistrate (''abbreviated as CJM Court'') is the second tier court in the criminal court structure in India. Court of Chief Judicial Magistrate is the apex body of the Criminal Judici ...

(CJM) of Mohali summoned the hospital's CEO and doctor to stand trial against charges of medical negligence, conspiracy and cheating. In 2017, the State Consumer Disputes Redressal Commission ordered the hospital to pay a compensation of to the wife of the deceased patient. The CJM's summoning order was upheld by the

Punjab and Haryana High Court Punjab and Haryana High Court is the common High Court for the Indian states of Punjab and Haryana and the Union Territory of Chandigarh based in Chandigarh, India. Sanctioned strength of Judges of this High Court is 85 consisting of 64 Pe ...

in 2024. In 2015, the

Competition Commission of India The Competition Commission of India (CCI) is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act, 2002 to promote competition a ...

(CCI) ordered a probe into Max Super Speciality Hospital,

, which was allegedly selling disposable syringes to patients at inflated prices. In 2017, the CCI investigation concluded that the hospital was making 275% to 525% profits by forcing patients to buy the products at maximum retail price from its own pharmacy in "a clear instance of abuse of the dominant position". It noted that overcharging was prevalent across all 14 hospitals of Max Group. In 2016, the

Government of Delhi The Government of Delhi, officially the Government of the National Capital Territory of Delhi (GNCTD; ISO: ) is the governing body of India's National Capital Territory of Delhi, whose urban area is the seat of the Government of India. It also ...

ordered five hospitals in the city, including Max Super Speciality Hospital, Saket, to pay a total fine of for denying free-of-cost treatment to the poor. The government stated that the five hospitals were granted land at concessional rates on the condition that they provide free medical treatment to poor people totalling to 10% of all in-patients and 25% of all outpatients, but they had failed to comply with the condition. In December 2017, the

suspended the license of Max Super Speciality Hospital, Shalimar Bagh, which had wrongly declared a preterm baby dead that was later found to be alive. Delhi Health Minister Satyendar Jain labelled the hospital as a "habitual offender" and said that three notices had been served to the hospital earlier over medical lapses. The hospital resumed operations later that month after the license suspension was stayed. During the

outbreak of COVID-19 The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

in 2020, Max Super Speciality Hospital, Patparganj, received criticism for its high treatment costs. The hospital issued a statement that charges of over per day was applicable only for "very critical COVID-19 patients".

References

External links

* {{Authority control Health care companies established in 2000 Companies based in Delhi Hospitals in Delhi Hospitals established in 2000 Indian companies established in 2000 Health care companies of India Hospital networks in India 2000 establishments in Delhi Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange Kohlberg Kravis Roberts companies Warburg Pincus companies