Abu Dhabi-Mubasher: Dubai-based Abraaj Group will acquire a majority stake in hospitals chain CARE India from global PE firm Advent International.
Abraaj and CARE's management team will focus on expanding CARE's integrated healthcare delivery system, especially in the under-penetrated regions of India, the statement said.
"The implications of the healthcare gap in India are profound, but they translate into a long-term opportunity for Abraaj to help build a better and more sustainable healthcare infrastructure in the country," said Abraaj's Thematic Funds Business Partner and Global Head Sev Vettivetpillai.
