Care Hospitals is headquartered in Hyderabad and operates 16 multispecialty hospitals across 16 cities in India. The hospital operator has also signed a definitive agreement to acquire an 80 percent stake in Kimshealth from private equity firm True North.
The two deals, set to be valued at more than $1.3 billion and $1.5 billion combined, will create one of India’s largest hospital chains, with a network of 23 hospitals and 4,000 beds across 16 cities, according to The Times of India.
TPG currently owns Care Hospitals through the Evercare Health Fund, but will maintain a significant minority stake in the platform once the transaction is completed
Blackstone did not respond to Becker’s request for comment.
