Blackstone enters Indian healthcare services with acquisition of Care Hospitals

Blackstone enters Indian healthcare services with acquisition of Care Hospitals

FILE PHOTO: Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly

Blackstone said on Monday it will buy a majority stake in India’s Care Hospitals from a fund belonging to asset management firm TPG, marking the US-based private equity firm’s entry into the country’s healthcare services sector.