Tag: Blackstone

HYDERABAD: Global private equity giant Blackstone on Monday announced its debut in the Indian healthcare market with the acquisition of a majority stake in Hyderabad-based CARE Hospitals, which in turn has inked a definitive agreement to acquire a majority stake in Kerala-based KIMSHEALTH from PE player True North.The mega deal, which is pegged at over $1 billion, will create one of India’s largest hospital chains with a combined network of 23 hospitals with 4,000 beds across 11 cities catering to over 30 clinical specialties.While none of the players...