Abraaj set to acquire controlling interest in Indian healthcare provider
January 15, 2016
The Abraaj Group has reached an agreement to buy a majority stake in Quality CARE India from Advent International. Founded in 1997, the company operates 16 hospitals with 2,600 beds in nine citiesis across India, providing both inpatient and outpatient care to treat middle- and low-income groups. The transaction is expected to close 1Q 2016. Advent International had invested $110 million into CARE in 2012.