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Economic slump an opportunity for expansion, acquisitions, hiring talent
Posted On: 20-Sep-2019

Max Healthcare chairman Abhay Soi says the economic downturn is an opportunity for expansion, smart acquisitions and for hiring talent Soi, whose Radiant Life Care acquired a 49.7% stake in Max in December, is looking to expand the Max brand.

Max Healthcare chairman Abhay Soi says the economic downturn is an opportunity for expansion, smart acquisitions and for hiring talent. Soi, whose Radiant Life Care acquired a 49.7% stake in Max in December, is looking to expand the Max brand through a co-branding exercise with Dr. Balabhai Nanavati Hospital, Mumbai, and Delhi’s BLK Super Specialty Hospital. Edited excerpts from an interview:

How do you view the economic slowdown?

For any entrepreneur, this is the best time to build a business. During uncertainties and an economic slowdown, I see unprecedented opportunity.

We are witnessing a generational change in our economy, as well as in our industry. It is the best time to build businesses by reworking your value proposition, expand operations, acquire assets at reasonable prices, attract managerial and clinical talent and seed value for the future. I have not seen such an unprecedented opportunity in the last two decades. There is a little bit of chaos and uncertainty out there, which is temporary in nature, in my belief. It’s clearly the time for expansion. Because of the little bit of downturn that the economy is facing, it’s time to acquire businesses, land, and managerial talent at reasonable prices. During downturns, you stitch up the next generation of businesses.

https://www.livemint.com/companies/people/-economic-slump-an-opportunity-for-expansion-acquisitions-hiring-talent-1567444473649.html

 

 
 
 

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