DBT Bureau
Pune, 8 April 2026
Max Healthcare Institute Limited said in an exchange filing that it has approved the acquisition of a controlling nearly 58.4% stake in Kalinga Hospital Ltd. for an equity value of around ₹300 crore, marking its strategic entry into the eastern India healthcare market.
The acquisition, executed through a share purchase agreement, will add a 250-bed NABH-accredited multi-specialty hospital in Bhubaneswar to Max Healthcare’s network. The facility, operational since 1997, reported revenue of approximately ₹135.63 crore in FY25 and has expansion potential to over 1,000 beds on its 10-acre campus.
To support the transaction and future expansion, the company has also approved:
- Loans of up to ₹100 crore to Kalinga Hospital for construction, renovation,upgradation, and equipments
- A corporate guarantee of $5 million for refinancing existing borrowings
- External Commercial Borrowings (ECB) of up to ₹300 crore
The move is expected to immediately enhance Max Healthcare’s bed capacity and strengthen its footprint in a fast-growing healthcare market catering to Odisha , West Bengal and neighboring states.
The transaction is expected to be completed within 4–6 weeks, subject to customary conditions.
