- Hyd-based hospital group acquires an Indore Hospital
- Deal pegged at nearly Rs 400 Cr
IndiGlobal Bureau
Hyderabad based Care Hospitals Group is expanding its footprint in different parts of India. Freshly, Care, an asset of TPG backed Evercare Fund has announced its entry into Madhya Pradesh through the acquisition of Indore based Convenient Hospitals Ltd (CHL). The deal is pegged at nearly Rs 350 Cr to 400 Cr. The announcement also coincides with Care Hospitals’ momentous milestone of completing 25 years.
Sharing his thoughts, Mr. Jasdeep Singh, Group CEO, Care Hospitals said “We welcome CHL Hospitals to the Care Hospitals network and are excited by the potential to create greater accessibility to high end clinical care to patients with our combined expertise in Central India. As a national chain Care Hospitals has always been at the forefront of providing quality healthcare to the patient community in tier-2 cities and our hospitals are leading providers in each of these cities.“
Mr. Vishal Bali, Chairman, Care Hospitals, added, “ India’s future growth trajectory and aspiration of a $ 5 trillion economy will be routed through the rise of Tier 2 cities. These cities will also contribute significantly to the rise in healthcare consumption and power the next phase of growth for the healthcare sector.”
Mr. Rajesh Bhargava, Chairman & Managing Director of CHL Hospitals said, “We welcome Care Hospitals to take the lead in growing CHL Hospitals in Indore and other parts of the state. For the past 21 years the clinical team at CHL across specialties has been delivering exceptional care and has gained multiple recognitions.”
Established in 2001, CHL was the first corporate hospital in the central region of India and is known for its strong clinical expertise in the fields of Cardiology/Cardiac Surgery, Neuro Sciences, Gastro Intestinal, Liver Transplants, Renal Sciences and Critical Care.
CARE Hospitals, which was founded in 1997 now, has 15 healthcare facilities across 6 states and over 2400 beds offering 30 Clinical Specialties and specializing in Cardiac Sciences, Oncology, Neurosciences, Renal Sciences, Gastroenterology & Hepatology, Orthopaedics & Joint Replacement, ENT, Vascular Surgery, Integrated Organ Transplants.
