Abraaj Group to acquire CARE Hospitals in India

 13-Jan-16, India Infoline 

The Abraaj Group, a leading investor operating in global growth markets, announced it has agreed to acquire, through one of its Funds, a majority stake in Quality CARE India Limited, one of the largest multi-specialty healthcare providers in India, from global private equity firm Advent International.

Headquartered in the city of Hyderabad, CARE is the fifth largest healthcare provider in India, operating 2,600 beds across 16 hospitals in nine cities.

Image: The Abraaj Group

CARE is recognized for its focus on high quality tertiary care, including cardiac care and neurosciences. To date, CARE has treated more than 6 million outpatients and over 1 million inpatients, a majority of which are from middle and low income groups in underserved second tier cities in India.

Abraaj and CARE’s management team will focus on expanding CARE’s integrated healthcare delivery system, especially in the underpenetrated regions of India. The partnership will also bring CARE’s high quality and proven delivery platform to other markets where Abraaj operates. 

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