The hospital chain began its India operations around 2010 when it redeveloped BLK Super speciality hospital in Delhi. It is now in the process of expanding BLK into a 1,600-bed hospital. In 2014, Radiant collaborated with Nanavati Hospital Trust to take over the operations of the Mumbai-based 350-bed multi-speciality Nanavati Hospital and is now in the process of converting the hospital into a 1000-bed facility.
While these plans are going to develop over a three to the four-year horizon, now with the Max Healthcare deal, Radiant would have access to 14 hospitals operated by the Max Healthcare. Analysts feel that this would strengthen the company's north India presence and also emerge as a strong competition to Fortis and Apollo Hospitals. "A strong presence in north India also helps to take part in the Centre's ambitious Ayushamn Bharat scheme that would need private hospital participation," said an analyst. Ayushman Bharat would provide insurance coverage to over 100 million families.
Max Healthcare reported a 9 per cent jump in its gross revenue to Rs 27.8 billion for FY18 even as its operating margin fell to 8.5 per cent from 11.4 per cent in the year before. Recently, the Delhi government has cancelled the licence of its Shalimar Bagh hospital.