Hyderabad’s CARE Hospital Group announced today that it will be acquiring all the CHL Hospitals in Indore. This is being seen as CARE Hospital Group’s quest to penetrate the Madhya Pradesh region. Headquartered in Hyderabad, CARE Hospital Group is amongst the biggest hospital networks in India. CARE Hospitals Group is owned by Evercare Health Fund, which is managed by TPG and backed by The Rise Fund.
CARE Hospital Group came into existence in the year 1997 in Hyderabad, and that too, as a single speciality Cardiac Hospital with just 100 beds. In a span of 25 years, the Group has evolved into the country’s leading multi-speciality hospital network. This network has 15 healthcare facilities covering 6 states. The network has approximately 2400 beds and is offering thirty Clinical specialities. CARE Hospital Group is considered a pioneer in establishing a considerable presence in the tier 2 cities in India.
Convenient Hospitals Ltd. (CHL) was established in the year 2001 and is well known as the first corporate hospital chain in the central region of India. CHL has established its name as a hospital chain with strong clinical expertise in the fields of Cardiology, Neurology, Glycaemic Index (GI), Liver Transplants, Nephrology and Urology, and critical care.
Expressing his views on this development, Mr Jasdeep Singh, Group CEO, CARE Hospital Group said, “We welcome CHL Hospitals to the CARE Hospitals network and are excited by the potential to create greater accessibility to high-end clinical care to patients with our combined expertise in Central India. As a national chain CARE Hospitals has always been at the forefront of providing quality healthcare to the patient community in tier-2 cities and our hospitals are leading providers in each of these cities. This partnership with CHL consolidates our presence further with a leadership position in key geography of the country.”
The CARE Hospital Group is completing 25 years it’s coming into existence and this makes this acquisition even more special.
Speaking about the acquisition, Mr Rajesh Bhargava, Chairman & Managing Director of CHL Hospitals said, “We welcome CARE Hospitals to take the lead in growing CHL Hospitals in Indore and other parts of the state. For the past 21 years, the clinical team at CHL across specialities has been delivering exceptional care and has gained multiple recognitions. With the new transition, our teams are looking forth to supporting CARE Hospitals in its endeavour to scale up CHL Hospitals in Central India.”