Max Healthcare’s Rs 1,000 cr hospital

New Delhi: Max Healthcare Institute Ltd on Thursday said it will invest over Rs 1,000 crore to set up a 450-bed super speciality hospital in Pune. The facility, situated in Yerawada, Pune, will mark the company's foray into the city and is expected to be commissioned over the next 3 years, Max Healthcare Institute Ltd said in a statement. The hospital will be the company's fourth facility in Western India. The company said its investment involves staggered acquisition of a 100 per cent equity stake in Yerawada Properties Pvt Ltd (YPPL), Pune and further development of the hospital over the course of next three years.