| Investment firm Temasek Holdings is set to acquire a 72 per cent stake in India's Care Hospitals, media reports said yesterday. Care Hospitals, which has 16 hospitals serving nine cities across India, is the country's fifth-largest private healthcare network.
Temasek is buying the stake from US private equity firm Advent International for 18 billion rupees (S$378 million), according to The Economic Times and Times of India. Temasek had teamed up with TPG Growth to form a consortium to pursue Care Hospitals, but TPG opted out of the race a few weeks ago owing to pricing and other unspecified matters...............................................Full Article: Source
|