Private equity and overseas companies are taking over domestic healthcare chains, creating a new pecking order

Max Healthcare Q3: The New Delhi-based hospital chain saw its gross revenues rising by 6 per cent YoY and 24 per cent QoQ to Rs 1,160 crore during December quarter of FY21

With record healthcare expenditure and allocations focussing on mitigating the impact of Covid-19, it's a shot in the arm for the sector

Max Healthcare Institute Ltd (MHIL) reported gross revenue of Rs 610 crore versus Rs 1,059 crore in Q1 FY20, down 42 per cent on year-on-year basis

Share price of Max Healthcare opened at Rs 107 and hit an intra day high of Rs 112.35, up 5% in early trade

India Stock Market Highlights Today: PowerGrid, followed by SBI, HDFC Bank, IndusInd Bank, Axis Bank, Tata Steel, Reliance Industries and Infosys were aamong the top gainers in the Sensex pack. On the other hand, Bharti Airtel was the sole laggard today

Private hospitals account for more than 60 percent of beds, 80 per cent of doctors in the country

As part of the transaction, Max India's promoters have received an advance of Rs 361 crore (USD 52.2 million) from KKR in exchange for a 4.99% stake in the merged entity

Analysts believe hopefully the tide may turn this year and some of the leading companies like Dr Reddy's that are still facing regulatory challenges may get some relief.

Industry players expect more partnerships in the new year between public and the private sector in the healthcare space, which they feel is 'under-invested'

Radiant Life Care will acquire a 49.7 per cent stake in Max Healthcare from South Africa-based hospital operator Life Healthcare in an all cash deal.