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

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.