Private equity firm Carlyle Group has acquired a minority stake of 28% in Indian super-specialty hospital chain Global Health for INR960 crore
American private equity firm Carlyle Group LP has bought a minority stake in Indian hospital and healthcare provider Global Health Pvt. Ltd., according to Reuters.
Economic Times in a separate report said that Carlyle has made a strategic investment of INR960 crore in the Indian hospital chain by picking up a 28% stake in the company.
Reuters, citing a statement by Carlyle on Thursday, that that the deal included buying a significant equity stake held by an affiliate of hedge fund Avenue Capital Group.
Global Health owns and operates a 900-bed hospital in New Delhi. It was founded by cardiac surgeon Dr. Naresh Trehan. Global Health provides super-specialty care in cardiology, neurology, gastro and liver transplant and orthopedics, Economic Times said. It also does drug research and development, according to Reuters.
Including the Global Health deal, Carlyle said it has invested and committed about $1.1 billion in India as of September 30, 2013, wrote Reuters.