The Everstone Group will acquire a controlling stake in Sahyadri Hospitals (SHL), with headquarters in Pune. The combination of primary and secondary capital outlay is expected to increase the bed-count significantly in the next five years.
Everstone Group is in negotiation with the existing investor Global Infrastructure Partners to buy 51 percent stake in SHL. IDFC Alternatives had acquired 40 percent stake in SHL from India Advantage Fund -- managed by ICICI Venture in 2012 and another 11 percent from promoters, in a deal valuing Rs 190 crore for the 51 percent stake.
In April 2018, IDFC Alternatives had sold its infrastructure asset management business to US-based private equity firm Global Infrastructure Partners (GIP).
Pune headquartered Sahyadri Hospitals currently operates five tertiary care and three secondary care hospitals with 750 beds across Pune (Deccan Gymkhana, Nagar Road, Kothrud, Bibwewadi, Kasba Peth and Hadapsar), Nashik and Karad areas.