Max Healthcare Institute, India’s second-largest private hospital chain has got listed on the stock market. The stock gained 5% on the listing. There are certain differences between MHIL and other leading hospital chains like Apollo Hospitals, Fortis Healthcare, or Narayana Hrudayala. While Max Healthcare is majority promoted and owned by private equity player KKR, its peers Apollo Hospitals is majority-owned by Dr. Reddy & family, Fortis Healthcare by Asian healthcare major IHH and Narayana Hrudalaya by Dr. Devi Shetty & family. Private equity expertise is known to be profit-focussed, clinical and more strategic in its decision making.