Max Healthcare acquires 58.28% stake in Kalinga Hospital for Rs 297.97 crore

Business Desk — Mon, 18 May 2026 14:49:49 +0000

Max Healthcare Institute has successfully acquired a 58.28% controlling stake in Kalinga Hospital Ltd. (KHL) for an aggregate consideration of approximately ₹297.97 crore. This acquisition marks a significant expansion for Max Healthcare as KHL, a 250-bed multi-specialty hospital located in Bhubaneswar, Odisha, becomes a subsidiary of the company.

The acquisition was financed through a Senior Secured Term Loan of up to ₹300 crore, secured in the form of External Commercial Borrowings. The loan, which was availed on May 18, 2026, facilitated the completion of the share purchase agreement initially approved by Max Healthcare’s board of directors on April 8, 2026.

Kalinga Hospital’s integration into Max Healthcare’s portfolio is expected to enhance the company’s presence in the eastern region of India, providing a strategic advantage in the healthcare sector. The credit confirmation of the equity shares was received at 5.18 pm (IST) on the day of the acquisition.

This development aligns with Max Healthcare’s ongoing strategy to expand its footprint and capabilities in providing comprehensive healthcare services across India. The details of the acquisition have been made available on Max Healthcare’s official website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Dhiraj Aroraa | Business Upturn

Max Healthcare acquires 58.28% stake in Kalinga Hospital for Rs 297.97 crore