Jefferies sees ramp-up potential for India's Sahara Hospital after Max Healthcare buyout

Max Healthcare Institute

11/12/2023 07:22

** Neuroscience-focused Sahara Hospital, which India's Max
Healthcare  MAXE.NS  will buy in a $113 mln deal, has quick
ramp-up potential in cancer treatment, transplants and robotics,
says Jefferies  
    ** Transaction in line with recent deals in the space; marks
Max's entry into Lucknow city market, brokerage adds 
    ** The capital of north India's Uttar Pradesh state is
emerging as a healthcare hub in the region, with significant
demand-supply gap for quality healthcare - note 
    ** Significant waiting time in state-run hospitals bodes
well for private players like Max and rivals Medanta and Apollo
Medics - Jefferies
    ** MAXE up 0.5% on Monday following six straight weeks of
gains, has climbed 56% YTD 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))