The Carlyle Group Invests in Indian hospital and healthcare provider Global Health
20 December 2013
The Carlyle Group, a global alternative asset manager, has made a strategic minority investment in Indian hospital and healthcare provider Global Health Private Ltd, led by Delhi-based Dr Naresh Trehan.
The investment was made through Anant Investments, an affiliate of Carlyle Asia Partners III, which also included acquiring a significant equity stake held by an affiliate of Avenue Capital Group.
The financial details were not disclosed.
Led by cardiac surgeon Dr Naresh Trehan, Global Health operates a 900-bed hospital in the National Capital Region (NCR) of Delhi and provides super-specialty care in cardiology, neurology and liver transplant among others.
According to Dr Trehan, ''Global Health has become one of the largest hospital and healthcare providers in India within three years of launch and is positioned as a go-to facility for complicated cases''.
The company owns, manages and operates the super-specialty hospital 'Medanta-the Medicity' at Gurgaon.
Neeraj Bharadwaj, managing director of The Carlyle Group, said, ''We see high growth potential in the healthcare industry in India driven by improving income profiles leading to higher hospitalization and treatment frequency. And the National Capital Region of Delhi, where Global Health is operating, has rapidly emerged as a healthcare hub."
Bharadwaj said Carlyle would leverage its healthcare industry expertise to support Global Health's growth plans and further improve the quality of its medical services
''With an experienced management team, a best-in-class clinical team and infrastructure, Global Health has achieved a high distinctive positioning as a destination for complicated cases with a strong reputation in India," he added.
Carlyle is one of the first global private equity firms to invest in India. Including this transaction, Carlyle has invested and committed about $1.1 billion in India as of September 30, 2013.