Radiant Life Care in talks to acquire Max Healthcare, says report

KKR-led Radiant Life Care is in talks to acquire Max Healthcare, sources close to the development told The Economic Times, adding that the deal between the two is likely to be announced next week.

“The deal is being structured in such a way that the combined healthcare business will be listed on the Indian bourses with KKR as the dominant investor with about 50 percent stake… Analjit Singh, the founding promoters of the Max Group, will have about 15-16 percent stake and Abhay Soi, who owns a 51 percent stake in Radiant Life Care, will have a 14-15 percent stake in the ultimate listed company," a source was quoted as saying in the report.

According to the ET sources, under the deal, Max India will first be split to create a pure play listed holding company. Following this, the combined entity that consists of Radiant and Max Healthcare will be into the holding company, the report said.