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New Deal


Announced

Blackstone to acquire a majority stake in Care Hospitals from TPG for $1bn.

Financials

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Transaction Value£1,000m
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Health Care Facilities

Cross Border

Majority

Friendly

Single Bidder

India

chain of hospitals

Acquisition

Private Equity

Private

Pending

Synopsis

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Blackstone, an American private equity firm, agreed to acquire a majority stake in Care Hospitals, a chain of hospitals in India, from TPG, a private equity investment firm, for $1bn. "Life sciences is a key investment theme for Blackstone and we plan to bring in our global scale and operating expertise," Ganesh Mani, Blackstone Managing Director.

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