After Temasek, EQT, and KKR, private equity firms Blackstone and Warburg Pincus have reportedly joined the race to acquire Pune-based hospital chain Sahyadri Hospitals. Both firms have shown preliminary interest in acquiring the healthcare provider, which is currently owned by the Canadian pension fund Ontario Teachers’ Pension Plan Board (OTPP), Moneycontrol reported, citing sources. The report added that if a deal materializes, Warburg Pincus may use Sahyadri as a platform to expand its presence in the Indian healthcare sector. Meanwhile, Blackstone may consider acquiring it through its Quality Care platform to become one of the leading hospital operators in the country.
Read the full article: Sahyadri Attracts Bids from Blackstone, Warburg Pincus: Why PE Giants Are Lining Up for Hospital Chain //
Source: https://www.outlookbusiness.com/corporate/sahyadri-attracts-bids-from-blackstone-warburg-pincus-why-pe-giants-are-lining-up-for-hospital-chain