Max Healthcare’s standalone turnover in the first half of 2018-19 was Rs 1,311 crore and that of Radiant Life’s was Rs 444 crore. Later, KKR will buy 5% stake from Singh at around Rs 360 crore to increase its stake to 52%. During Radiant Life's short history the church has conducted outreaches continually. This is a great opportunity for a creative and driven leader to have a big impact on a great church. They’re thriving in their brand new building and are looking for their next great leader who is going to help shape and mold their church culture through casting vision and dynamic teaching.
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In 2009, the church voted to affiliate with the Assemblies of God with full sovereign status. Radiant Life is an incredible church that is reaching tons of people in their community. The beliefs were identical to the Assemblies of God doctrine, of which John was an ordained minister.
Singh and his family’s stake will come down to around 12% and that of public to 17.8%. Radiant Life was planted as an independent church. KKR’s holding will come down to 46.9% and Soi’s holding to 23.2% in the entity formed after the merger of Radiant Life’s healthcare business and Max Healthcare from 66.9% and 33.1% in Radiant life respectively. At present, both the groups are involved in other activities like insurance and real estate. Finally, The healthcare business of Radiant Life and Max India will be de-merged and merged with Max Healthcare to create a pure healthcare company.
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The acquisition will be completed through a series of transactions. Radiantlife Money Transfer service provides you a simple, secure and fast way to send money abroad.
Please contact us for more details at 02033180473. CMD of Radiant Life Soi said Radiant has achieved significant growth and expansion during the time of fast industry consolidation and proposed acquisition of majority stake in Max Healthcare marks exciting step forward. Radiantlife care is a regulated Care Quality Commission, we provide healthcare service through the placement of highly skilled staffs. But the group is focused on Northern India with 11 hospitals. Max India has 14 facilities with 2,400 beds all over the country. It share ideas and inspiration to beautify your space, uplift your soul, enrich your mind, and nourish your body.
Sanjay Nayar, member & CEO of KKR India, said, “We are excited to back Radiant Life’s efforts towards consolidation in the healthcare sector by helping them create an effective platform in India.” Radiant life is managing 650-bed BLK Super Speciality hospital in Delhi and 350 bed Nanavati Hospital in Mumbai. Radiant Life is a monthly magazine that empowers you to live a meaningful, fulfilling life. This will also give Singh time and money to focus on other businesses like insurance, real estate and managing senior living. New promoters have deep pockets and will be able to make big investment. Singh added that the decision to sell health care business stemmed for the fact that the business required a huge investment to continue on its growth path and Max India is not in a position to carry out this drive.
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