M&A

M&A

Care Hospitals acquires Indore's CHL Hospitals for Rs.400-Cr

Economic Times  

Private Equity fund TPG-backed Care Hospitals has acquired Indore-based Convenient Hospitals (CHL Hospitals), the first corporate hospital established in Madhya Pradesh which focuses on cardiology and neurosciences. The deal has reportedly valued CHL at INR 350-400 crore. Set up in 2001, CHL Hospitals has a capacity of 250 beds and is planning to add another 150 beds.