Blackstone acquires Hyderabad based CARE Hospitals, Kerala's KIMSHEALTH for over $1bn
Global private equity firm Blackstone has acquired a majority stake in CARE Hospitals, based in Hyderabad, as part of its entry into the Indian healthcare market. CARE Hospitals has also agreed to acquire a majority stake in KIMSHEALTH, based in Kerala, from private equity firm True North. The deal, valued at over $1 billion, will create one of India's largest hospital chains, with a network of 23 hospitals across 11 cities.
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