CARE Hospitals to Partner with Abraaj Group

Dubai, United Arab Emirates, 13 January 2016: The Abraaj Group, a leading investor operating in global growth markets, will acquire a majority stake in Quality CARE India Limited, one of the largest multi-specialty healthcare providers in India, from global private equity firm Advent International. Headquartered in the city of Hyderabad, CARE is the fifth largest healthcare provider in India, operating 2,600 beds across 16 hospitals in nine cities. Founded in 1997 by Dr. B. Soma Raju and a core group of professionals, CARE is recognized for high quality tertiary care, including cardiac care and neurosciences. To date, CARE has treated more than 6 million outpatients and over 1 million inpatients, a majority of them from middle and low income groups in underserved second tier cities in India. Abraaj and CARE’s management team will focus on expanding CARE’s integrated healthcare delivery system, especially in the underpenetrated regions of India. The partnership will also bring CARE’s high quality and proven delivery platform to other markets where Abraaj operates.

Abraaj


Back to Top