Earlier today, The Everstone Group announced the acquisition of a controlling stake in the largest hospital chain in Maharashtra, Sahyadri Hospitals Limited ( Sahyadri) for reportedly an undisclosed fee.
In a statement, Sahyadri revealed that it expects the combination of primary and secondary capital outlay to significantly increase the bed-count within the upcoming five years.
Sahyadri Hospitals based out of Pune, India was founded back in 1994 and currently operates 3 secondary care hospitals and 5 tertiary care with 750 beds across Pune (Deccan Gymkhana, Nagar Road, Kothrud, Bibwewadi, Kasba Peth and Hadapsar), Karad and Nashik areas. Along with 2, 300 supporting staff, Sahyadri also has more than 1,000 clinicians.
Speaking on the acquisition, Sameer Sain, CEO, Everstone Group, stated, “Sahyadri Hospitals will act as the anchor asset of our healthcare delivery platform and is a reputed name for quality healthcare. In a bid to grow the overall business, Everstone will leverage its significant healthcare expertise and experience. We look forward to working closely with our partners and stakeholders.”
Everstone reportedly is one of the largest South East Asia and India focused on healthcare investors.
Back in 2015, Everstone announced its exclusion from Global Hospitals, a large multi-specialty tertiary hospital chain. Everstone’s hea0lthcare portfolio includes controlling stakes in South East Asia based diagnostic device platform Everlife, domestic pharma distribution platform, Ascent Health; and investment in nutraceutical ingredient business, OmniActive.