Thursday 09 Jan 2025
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SINGAPORE (Dec 15): Temasek Holdings will buy a 72% stake in Hyderabad-based Care Hospitals from US-based private equity firm Advent International for 18 billion rupees ($378.9 million), The Economic Times reports on Tuesday.

According to the report, Temasek had earlier teamed up with TPG Growth to form a consortium but the latter opted out a few weeks ago because it was uncomfortable with the pricing, among other things.

Care Hospitals runs a network of 17 hospitals with 2,400 beds across nine locations, The Economic Times says.

A formal announcement of the deal is expected in the next seven to 10 days, the paper says.

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