Max Healthcare to Nearly Double Capacity to 9,500 Beds by 2028

Looking ahead, the company will pursue both brownfield and greenfield expansions to widen its network and meet the growing demand for quality healthcare.

Max Healthcare Institute plans to expand its bed capacity from 5,000 to about 9,500 by 2028, following strong quarterly growth, according to chairman and managing director Abhay Soi.

“We increased our bed capacity by 35% from last year to 5,000. In the next 60 days, we will increase it to 6,000 through brownfield expansion. By 2028, it will go up to about 9,500,” said Soi.

Q1 Growth Driven by Higher Occupancy and International Patients

For the first quarter, the company reported a 27% year-on-year rise in revenue to INR 2,574 crore, led by an increase in occupied bed days (OBDs), which rose 26%. Net profit grew 17% to INR 345 crore. Bed occupancy stood at 76%.

Operating EBITDA rose 23% to INR 613 crore, with margins at 24.9%. International patient revenue increased 32% to INR 208 crore, contributing about 9% of hospital revenue.

Soi highlighted that the most significant growth drivers are the “unsatiated” demand for quality healthcare and the rising need for capacity, particularly with an ageing population.

New Facilities and Network Optimization

During the quarter, Max Healthcare commissioned a 160-bed tower at its Mohali hospital, signed a lease for a new 130-bed facility in Dehradun, and agreed to sell two smaller hospitals in Bulandshahr and Anoopshahr for INR 40 crore to focus on super-specialty care in larger cities.

“Our sustained growth reflects our strategy and execution capabilities,” said Soi. “The commissioning of a 160-bed brownfield tower at Max Mohali, along with additional brownfield capacities coming online at Max Smart and Nanavati-Max shortly, will significantly enhance clinical and financial performance of the network,” he added.

“In parallel, we are scaling up our clinical and support teams, while optimising our service mix to ensure rapid and effective utilisation of the new capacities,” Soi said.

Looking ahead, the company will pursue both brownfield and greenfield expansions to widen its network and meet the growing demand for quality healthcare.

On Wednesday, shares of Max Healthcare Institute closed 0.44% higher at INR 1,267.60 on the BSE.

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