Followers

Monday, October 30, 2023

Blackstone enters Indian healthcare with Hyd buy

Global private equity firm Blackstone has entered the Indian healthcare market with the acquisition of a majority stake in Hyderabad-based CARE Hospitals. CARE Hospitals has also agreed to acquire Kerala-based KIMShealth from private equity player True North. The deal, valued at over $1 billion, will create one of India's largest hospital chains with 23 hospitals and 4,000 beds across 11 cities. Blackstone aims to build a patient-centric hospital platform focused on quality clinical care and services. TPG and True North will retain minority stakes in the combined platform.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/l03nIzf

No comments:

Post a Comment

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...