Advent International is investing INR31.5bn ($328.5m) in Indian hospital operator Yatharth Hospitals for a 24.9% stake, adding to a growing list of private equity investments targeting the country’s healthcare sector, according to a report by Reuters.
The transaction sent Yatharth’s shares to a record high, with the stock rising as much as 8.6% to INR1,067 following news of the investment.
Yatharth operates nine multi-speciality hospitals, primarily across northern India, with approximately 2,80...
Continue Reading
Sign up for FREE to read the full article and access 158K+ alternative investment headlines.