Life Healthcare is looking at exiting its Indian Max Healthcare joint venture
Life Healthcare Group, the second-largest private hospital owner in SA, is considering a sale of its stake in India’s Max Healthcare, people with knowledge of the matter said. The Johannesburg-based company was working with Barclays to explore potential interest in its holding in Max Healthcare, which is one of India’s largest private hospital chains, the people said. Life Healthcare and Mumbai-listed Max India each own 49.7% of the Indian business, company filings show. Life Healthcare could seek about R5bn for its stake, one of the people said, asking not to be identified because the information is private. The stake had drawn initial interest from private equity firms, the people said. Deliberations were at an early stage, and Life Healthcare could decide to remain invested in the company, according to the people. India has one of the most underfunded public healthcare systems among the world’s major economies, and as much as 70% of patients use private healthcare. At the same ti...
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