New Delhi, Jan. 30 -- Max Healthcare is focused on inorganic expansion, including development of brownfield assets as well as acquisitions, to drive growth, its chairman and managing director Abhay Soi said on Thursday.

The Delhi-headquartered hospital chain's board on Thursday approved an agreement to set up a 500-bed hospital in Thane, Maharashtra, under a built-to-suit model with VR Konkan Pvt Ltd. An addendum to a previously executed agreement for a built-to-suit hospital in Mohali was also approved by the board, increasing bed capacity from 250 to 400.

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In a built-to-suit model, a property is custom-built, based on the specific requirements of th...