Max India to buy out South African JV partner's stake in hospital chain

CHENNAI: Max India on Tuesday informed the BSE that it has initiated talks to buy out its South African joint venture partner in its Indian hospital chain Max Healthcare Institute Ltd.
Both Max India and Life Healthcare Group, which is South Africa's second largest hospital chain, have a 49.7% stake in Max Healthcare Ltd.
In a filing with the BSE, Max India, said, "The company has initiated preliminary discussions with its equal joint-venture partner in the healthcare business -- Life Healthcare Group Holdings Ltd, South Africa -- to explore the possibility of acquisition of Life Healthcare's shares in Max Healthcare Institute Ltd."