CARE Hospitals Group, according to another investor source, is in talks to sell a 70% stake to U.S. investment giant Blackstone (BX.N) in a deal valued at $800 million.
MORE ATTRACTIVE THAN EVERAs government hospitals became increasingly overburdened and incomes rose in India's vast middle class, demand for private healthcare rose over the years.
"The India healthcare opportunity has always been attractive, but never more than now.
In 2022, PE investors spent $3.2 billion buying stakes in hospitals in India.
"Big private hospitals are more reliable," said 35-year-old G. Chavan said as he accompanied his wife to see a doctor.
Persons:
Rana Mehta, PwC's, Atlantic, Indira, Blackstone, Gaurav Sharma, Investcorp, Nishant Sharma, Sharma, Chavan, Sriram, Aditya Kalra, Simon Cameron, Moore
Organizations:
PwC, General Atlantic, CARE Hospitals, Blackstone, CARE, Kedaara Capital, ASIA'S PACE, Temasek, Reuters Graphics, Apollo Hospitals, Thomson
Locations:
India, PUNE, Pune, Indira, Bahrain, Mumbai, Manipal, Asia