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Private Equity | 23 March 2012

Advent To Acquire Majority Stake In Care Hospitals

by Charmi Gutka
Advent To Acquire Majority Stake In Care Hospitals
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Advent International may acquire majority stake in Hyderabad-based – Care Hospitals Private Limited, a hospital chain.

Rakesh Jhunjhunwala, Nimmagadda Prasad - founder of Matrix Labs and UK-based Ashmore together hold about 80% in the hospital and the remaining is held by management, according to BS.

Founded in 1997 by B. Soma Raju, Care Hospitals is a multi-specialty hospital chain comprising of 1600 beds across 12 hospitals. It has presence in Bhubhaneswar, Nagpur, Secundarabad Surat and Vizag.

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