Announced
Completed
Financials
Sources
Tags
hospital chain
Acquisition
Health Care Facilities
Minority
Friendly
India
Private
Completed
Single Bidder
Private Equity
Cross Border
Synopsis
TPG Growth, a private equity firm, and Temasek, an investment company, led a $136m funding round in Dr. Agarwal's Health Care, a single-specialty healthcare business. ADV Partners to exit the investment. "The new investments will enable us to double our network in the next 3 years and we will be pursuing acquisitions in key markets such as Maharashtra, Gujarat, Punjab, Karnataka, AP Talangana, etc, as well as a rapid greenfield expansion of our network across the country. Africa is another important geography for us. We have an existing network presnce of 15 hospitals, and we will be deepening our presence in countries such as Kenya, Mozambique, Tanzania, and Ghana," Adil Agarwal, Dr Aggarwal's CEO.
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