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Max Healthcare To Enter Long-Term Service Agreement For New 200-Bed Hospital In Pitampura

Shares of Max Healthcare Institute ended 0.29% higher at Rs 986.50 apiece on the BSE.

PTI

Max Healthcare Institute on Wednesday said its board has approved to enter into a long-term service agreement with Bharat Prakritik Chikitsa Mission, a society which is setting up a 200-bedded hospital in Pitampura.

(Source: Max Healthcare Institute in Delhi/ Company website)

Max Healthcare Institute on Wednesday said its board has approved to enter into a long-term service agreement with Bharat Prakritik Chikitsa Mission, a society which is setting up a 200-bedded hospital in Pitampura. The construction of the hospital premises is expected to be completed within the next 3-4 years, the healthcare provider said in a regulatory filing.

The company shall provide an interest-free, refundable deposit linked to construction milestones as a guarantee against its performance obligations under the agreement, once the hospital is ready for commissioning.

Shares of Max Healthcare Institute ended 0.29% higher at Rs 986.50 apiece on the BSE.

Also Read: Max Healthcare Institute Q3 Results: Profit Down 6.5% To Rs 316 Crore

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