Abraaj Group to Acquire Majority Stake in CARE Hospitals

New Delhi: Dubai-based private equity firm Abraaj Group will acquire a majority stake in hospital chain CARE India from global PE firm Advent International.  The group has "agreed to acquire, through one of its Funds, a majority stake in Quality CARE India Ltd, one of the largest multi-specialty healthcare providers in India, from global private equity firm Advent International," Abraaj Group said in a statement. The company, howev...