Care Hospitals

The merger will strengthen Aster’s position in Hyderabad and South India, but it also faces certain challenges.

'Merger will be EPS accretive from first year; expect to hit 13,300 beds by FY27', says Aster DM's Alisha Moopen

Post the deal with Blackstone and TPG backed Quality Care India, the combined entity will expand into four additional states, namely Madhya Pradesh, Chhattisgarh, Tamil Nadu and Odisha.

Aster DM and Blackstone-backed Quality Care to merge, create one of India's largest hospital chains

The combined entity will have a of network of 38 hospitals and 10,150-plus beds spread across 27 cities making it one of the top 3 hospital chains in India

Blackstone-TPG owned Care Hospitals in advanced talks for merger with Aster DM Healthcare 

The merged entity will rank among the top three hospital chains in India, in terms of number of beds, along with Apollo Hospitals and Manipal Hospitals

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Blackstone, CVC, Temasek, Max Healthcare in fray for Care Hospitals

If the deal goes through, it would be India’s second-largest hospital buyout after the IHH-Fortis transaction in 2018

CARE Hospitals Acquires CHL Hospitals, Indore

One of the biggest hospital networks in India, CARE Hospitals Group, with headquarters in Hyderabad, today announced the acquisition of CHL Hospitals in Indore to expand into the Madhya Pradesh region.

TPG-backed Evercare looking to exit Care Hospitals

In January 2016, Abraaj had purchased 72 per cent in Care Hospitals from Advent Capital for Rs 2,000 crore. Later, the Dubai-based fund collapsed following allegations of misappropriation and mismanagement of funds by its LPs (limited partners). In 2019, the reins were handed over to TPG backed Evercare Group, which revamped the leadership and initiated a clean-up act.

Advent sells CARE Hospitals stake for Rs 1,300 cr

The companies did not offer any valuation or deal size but sources confirmed the deal size at Rs 1,300 crore, and an enterprise valuation of the Hyderabad-based hospital chain at a tad over Rs 1,800 crore.

US firm plans stake sale in CARE Hospitals for up to $300 m

The talks are also being held with Malaysia's IHH Healthcare Bhd , India's Manipal Hospitals and Fortis Healthcare , the sources added, declining to be identified because the information has not been made public.