Max Healthcare Institute Ltd’s board has given an in-principle approval to explore and evaluate setting up medical colleges and medical institutions, either directly under the company or through a subsidiary.The company operates a network of 21 healthcare facilities and hospitals across India, with a total capacity of over 6,000 beds.The decision was taken at the company’s board meeting on Thursday, August 13, in view of a proposed amendment to regulations by the National Medical Commission (NMC) that would allow companies incorporated under the Companies Act, 2013, to pursue such activities.The board also approved an amendment to the main object clause of the company’s Memorandum of Association to incorporate additional enabling objects in line with its long-term business strategy and evolving business requirements. The amendment will, however, be subject to approval by the company’s members.The company has not announced any specific location, investment or timeline for setting up a medical college. Its disclosure only states that it will “explore and evaluate” the possibility of establishing medical colleges or medical institutions.Separately, the board approved a capital expenditure of up to ₹425 crore for construction of an additional hospital block, Tower 3, at Max Super Speciality Hospital, Vaishali.The proposed Tower 3 will add around 202 census beds and 48 non-census beds to the existing capacity of around 387 beds at the Vaishali hospital. The company said the additional capacity is expected to be commissioned by November 2029.Max Healthcare said its network had more than 6,100 beds as of June 30, 2026, with network hospitals operating at more than 75 per cent capacity utilisation in the first quarter of FY27.The medical education proposal is linked to the proposed regulatory change by the NMC. The company’s board specifically cited the proposed amendment that would permit any company incorporated under the Companies Act, 2013, to pursue setting up medical colleges or medical institutions.Max Healthcare Institute reported a strong first quarter for FY27, with gross revenue rising 16 per cent y-o-y to ₹2,982 crore in Q1 ended June 30, 2026, compared with ₹2,574 crore in the year-ago quarter. Network operating EBITDA increased 15 per cent to ₹704 crore, although the operating margin was marginally lower at 24.8 per cent from 24.9 per cent a year earlier. Network profit after tax (PAT) stood at ₹357 crore, up 3 per cent from ₹345 crore in Q1 FY26. The company said revenue growth was mainly driven by a 10 per cent y-o-y increase in occupied bed days, while average revenue per occupied bed (ARPOB) rose 5 per cent to ₹81,900.Published on August 13, 2026