Opinion | Indian hospitals in ICU, private equity to the rescue
The private equity model is geared to maximizing returns for its investors who have little skin in the game
Despite persistent misgivings, private equity’s love affair with healthcare in India continues. Last fortnight, global investment firm KKR-backed Radiant Life Care picked up a 49.7% stake for $293 million in Max Healthcare, extending an investment spree that took off in 2012. In June last year, another private equity (PE) major, General Atlantic, invested $130 million to pick up a minority stake in KIMS Hospitals, one of the largest corporate healthcare groups in southern India, with seven multi-specialty hospitals across the region and a capacity of over 2,500 beds.