Max Healthcare Revamps Board, Brings In Former SEBI Chairman UK Sinha As Independent Director

Max Healthcare Institute has appointed UK Sinha, former chairman of Securities And Exchange Board of India, as an independent director on its board.

After the Radiant-Max Healthcare merger, Soi would assume the role of chairman and managing director of the combined entity, following which the company intends to embark upon a growth strategy based on both organic and inorganic growth.

The Radiant-Max Healthcare combine would be the third largest hospital chain in India in terms of revenue. The companies had a combined revenue of Rs 3,628 crore from their hospitals in 2018-19 with about 3,400 beds in operation, Max Healthcare said.

Max Healthcare intends to follow a well-calibrated and robust growth path via organic and inorganic means, particularly in Delhi and Mumbai. "Market downturns and uncertainty are best suited to entrepreneurs. Both, talent and opportunities are available to build businesses," Soi said.