TPG's Care Hospitals likely to be purchased by KKR, Max Healthcare
Indian hospital chain Max Healthcare Institute and American global investment company KKR & Co have initiated separate discussions with TPG to buy Care Hospitals after earlier frontrunner Blackstone pulled out due to a valuation mismatch.
Care Hospitals has a predominantly southern India footprint, which gives Max the chance to become a pan-India player. Temasek-backed Shears Healthcare, CVC Capital, Carlyle, and the Ahmedabad-based Torrent Group were also in the race.
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