OTPPB to acquire a majority stake in Sahyadri Hospitals from Everstone for $291m.

Ontario Teachers' Pension Plan Board, a pension fund, agreed to acquire a majority stake in Sahyadri Hospitals, a private hospital chain, from Everstone, a private equity and real estate investment firm, for $291m. "We are pleased to acquire a majority stake in Sahyadri Hospitals, which is our first control private equity buyout in India, and our fourth major investment in the country over the last 12 months. We believe we can leverage our significant global experience in the healthcare sector to help scale the company into a national healthcare provider in the coming years," Raju Ruparelia, OTPPB Senior Managing Director.