Max Healthcare Subsidiary Acquires Land In Vaishali, Plans Hospital Expansion

Max Healthcare Ltd. said late Friday that its wholly-owned subsidiary, Crosslay Remedies Ltd., has acquired a 4,000-square-metre land parcel with a building adjacent to Max Super Speciality Hospital in Vaishali, Uttar Pradesh, for ₹1.2 billion.

Crosslay Remedies plans to invest an additional ₹2 billion over the next 30 months to add 140 beds to the existing hospital. The subsidiary currently operates the Vaishali hospital, which has a capacity of 387 beds.