KKR and Blackstone found ‘platforms’ in hospitals. Will patients find healthcare in them?
The post KKR and Blackstone found ‘platforms’ in hospitals. Will patients find healthcare in them? appeared first on The Ken .
KKR and Blackstone have identified hospitals as key "platforms" in India's healthcare sector. The sector is experiencing a flurry of activity, with numerous deals being announced every quarter. However, the rapid growth has led to challenges - hospitals are struggling to manage wage bills as they receive financial support from private equity-backed hospitals.
The industry is either seen as a lucrative investment opportunity or an experiment fraught with risks. In September, Aster DM Healthcare announced a Rs 6,900-crore expansion plan over the next two years, while global private equity firm Advent International acquired a significant stake in Yatharth Hospitals. Despite these developments, there are concerns about the high valuation of Indian hospital chains, with some experts questioning the justification for the current multiples.
Written by urgent.news from The Ken's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
