Mumbai: Private equity major The Carlyle Group has made a strategic minority investment in Indian hospital and healthcare provider Global Health Private Ltd. The financial details of the investment were not disclosed.
The investment, which also included acquisition of a significant equity stake held by an affiliate of Avenue Capital Group, was made by Anant Investments. Anant Investments is an affiliate of Carlyle Asia Partners III, the PE firm said in a statement.
Led by cardiac surgeon Dr Naresh Trehan, Global Health operates a 900 bed hospital in the National Capital Region of Delhi. It provides super-specialty care in cardiology, neurology, gastro, liver transplant and orthopedics with prominent doctors in each field.
Global Health owns ‘Medanta-the Medicity’, a super-specialty hospital, in Gurgaon.
“We see high growth potential in the healthcare industry in India driven by improving income profiles leading to higher hospitalisation and treatment frequency. And the National Capital Region of Delhi, where Global Health is operating, has rapidly emerged as a healthcare hub,” said Neeraj Bharadwaj, Managing Director of The Carlyle Group.
Including this transaction, Carlyle has invested and committed about $1.1 billion in India as of September 30, 2013.
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