Everstone to buy controlling stake in Sahyadri HospitalsJune 10, 2019
Everstone, an investment group, has agreed to buy a 51% stake in Sahyadri Hospitals Ltd (SHL).
Pune-based Sahyadri Hospitals is the largest hospital chain in Maharashtra, founded in 1994. Currently, it operates five tertiary care and three secondary care hospitals with 750 beds across Pune, Nashik and Karad. Sahyadri has more than 1,000 clinicians and 2,300 supporting staff, reports said.
The transaction is expected to help Sahyadri further strengthen its position as the leading healthcare chain in Maharashtra and increase its bed-count significantly in the next five years.
For Everstone, the deal will increase its exposure to India’s healthcare sector where it is already present in numerous segments such as pharmaceuticals and diagnostics.