Max Healthcare to add 3,700 beds by 2028 in US $708M expansion

INDIA – Max Healthcare Institute is set to significantly scale its footprint across India, unveiling plans to invest ₹6,000 crore (US $708 million) by 2028 to add 3,700 hospital beds.

This strategic expansion will elevate its capacity from nearly 5,000 beds across 22 facilities to an estimated 30 hospitals nationwide.

Announced during the inauguration of the newly built 300-bed Max Super Speciality Hospital in Dwarka, the expansion underscores the company’s commitment to reinvesting operational revenue into long-term healthcare infrastructure.

“This year alone, we are opening four hospitals. Dwarka is the first,” said Abhay Soi, Chairman and Managing Director.

The upcoming facilities—slated to open later this year in Mohali, Mumbai, and Saket, New Delhi—are part of a broader strategy combining new hospital construction with the expansion of existing sites.

Funding for the entire project will be sourced internally, with profits earmarked specifically for organic growth. Any future acquisitions, Soi clarified, would be supported by separate capital.

Dwarka’s new hospital stands as a flagship of the initiative, featuring over 120 critical care beds, ten advanced operating theatres, Cath Labs, and high-end services in specialties such as neurosciences, oncology, organ transplants, cardiac sciences, robotic surgery, and pediatrics.

As a key healthcare hub, the Delhi-NCR region is expected to see substantial benefits from this development, with the Dwarka location strategically positioned to meet surging local demand.

The company’s momentum continues to build, with shares rising by up to 4% on 12 November 2024 following its acquisition of Jaypee Hospital—a move that further consolidates Max Healthcare’s leadership in India’s private hospital sector.