07 Oct 2025 | 5 Mins Read
Jefferies downplays hospital overcapacity concerns, backs Max Health
Flipitmoney
Jefferies analysis suggests India is not near saturation point for hospital capacity addition, with hospital chains planning 32,000 new beds over 5 years. Potential for overcapacity is overthought, with the top hospital chains able to increase bed capacity by 3-7% annually to meet demand. Max Health is backed as a buy, trading at 32x/28x FY27/28 EV/Ebitda.