Advent International, a global private equity firm, will invest in Hyderabad based CARE Hospital.
The company will invest $105 million (approx Rs 512 crore) in CARE Hospital by acquiring shares from some of the existing investors and injecting additional capital into the business. CARE has 11 hospitals with a total capacity of 1,590 beds in cities including Vishakhapatnam (Andhra Pradesh), Raipur (Chhattisgarh), Bhubaneswar (Orissa), Surat (Gujarat), Nagpur (Maharashtra), Pune and Hyderabad. It plans to expand its presence to other cities.