Companies

Everstone to acquire controlling stake in Sahyadri Hospitals

New Delhi | Updated on April 07, 2019 Published on April 07, 2019

Everstone, a premier investment group focused on India and South-East Asia, has signed an agreement to acquire a controlling stake in Sahyadri Hospitals Ltd, the largest hospital chain in Maharashtra.

Founded in 1994, the Pune-headquartered Sahyadri Hospitals currently operates five tertiary care and three secondary care hospitals, with 750 beds across Pune, Nashik and Karad areas. As on date, Sahyadri has more than 1,000 clinicians, along with 2,300 supporting staff, providing the latest medical services.

Sameer Sain, CEO, Everstone Group said: “Sahyadri Hospitals is a reputed name for quality healthcare and will act as the anchor asset of our healthcare delivery platform. Everstone will leverage its significant healthcare expertise and experience to grow the overall business. We look forward to working closely with our partners and stakeholders.”

The deal value for the controlling stake buy was, however, not disclosed.

Charudutt Apte, Founder Chairman and MD, Sahyadri Hospitals said: “We are excited about this partnership and the value Everstone Group brings. Sahyadri Hospitals looks forward to the next phase of growth with the support of the experienced team at Everstone”.

Srivats.kr@thehindu.co.in

Published on April 07, 2019
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