Care Hospitals for Sale!

11 years ago

Hyderabad based Care multi-speciality Hospitals chain is up for sale now. Emerging markets private equity group Abraaj and a consortium of PD Hinduja Hospital and Everstone Capital Advisors are running up to acquire it.

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Five bids have come up last month to close the deal and the final negotiations are going on. We have learnt that the offers are valued at Rs 1500 crore – Rs 1800 crore inclusive of its debt.

The CARE Hospitals Group, owned and managed by Quality CARE India Ltd. It has 17 hospitals running across nine cities in India with three of them in Telugu states. The chain now boasts of a total bed capacity of 2,400 and it was Founded in 1997 by Dr B. Soma Raju and a team of cardiologists,

Sridhar Raavi

Sridhar is a highly experienced hand in Telugu politics, writing and analyzing political happenings in Andhra Pradesh and Telangana. An IT engineer turned news junkie, Sridhar has a sharp eye for catching news as it u…

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