Indian healthcare company Max India will sell a majority stake in its hospital-operating joint venture to KKR-backed Radiant Life Care, resulting in a listed company worth 72.42B rupees, or $1.03B, Reuters reports. As part of the reverse merger, Radiant will buy out the other JV partner, South Africa-based hospital operator Life Healthcare, and combine its assets into Max Healthcare and promoter Abhay Soi will own 23.2% of the entity, while KKR will hold 51.9%.
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