Private equity player Everstone Group will acquire a controlling stake in Sahyadri Hospitals Ltd., a Maharashtra-based hospital chain, for an undisclosed amount, according to a release.
Pune-headquartered Sahyadri Hospitals operates five tertiary care and three secondary care hospitals with 750 beds across Pune, Nashik and Karad areas.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
In a release on Sunday, Everstone said it has signed an agreement to buy a controlling stake in Sahyadri Hospitals.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
"The combination of primary and secondary capital outlay is expected to increase the bed-count significantly in the next five years," the release said.
Everstone would leverage its significant healthcare expertise and experience to grow the overall business, Everstone Group Chief Executive Officer Sameer Sain said.
The group's healthcare portfolio includes controlling stakes in domestic pharma distribution platform Ascent Health and South East Asia-based diagnostic device platform Everlife.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
