Yatharth Hospitals raises $329-M from Advent International

Publicly listed, Noida-based Yatharth Hospitals has raised INR 3,150 crore (about USD 328.5 million) in primary capital from US-headquartered private equity firm Advent International in return for a 24.9% stake.Founded in 2010 by Dr. Ajay Kumar Tyagi and Dr. Kapil Kumar, Yatharth Hospitals operates a network of multi-speciality and super-speciality hospitals in North India, providing advanced tertiary and trauma care services. It operates nine multi-speciality hospitals with 2,800 beds and an overall announced capacity of 3,250 beds.