Key Points
BENGALURU, Oct 30 (Reuters) - Blackstone (BX.N) said on Monday it will buy a majority stake in India's Care Hospitals from a fund belonging to asset management firm TPG, marking the U.S.-based private equity firm's entry into the country's healthcare services sector...
Blackstone will commit $1 billion in the hospital chain in India and hold over 75% in Care Hospitals, a source with direct knowledge of the matter said..
In a separate deal, Care Hospitals will buy a majority stake in KIMSHEALTH, which operates under Kims Healthcare Management, to form one of India's largest hospital platforms with 23 facilities and more than 4,000 beds across 11 Indian cities...
TPG, which has a stake in Care Hospitals through its Evercare Health Fund, will retain a significant minority stake in the combined platform, the statement said.. Blackstone and Care did not immediately respond to Reuters' queries seeking financial details...
Hong Kong-based investment firm BPEA EQT, Baring Private Equity Asia, will acquire a 60% stake in Indian fertility services provider Indira IVF for 54 billion indian rupees ($648.63 million), Reuters had reported in July, citing a source...
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