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Everstone Group to acquire controlling stake in Sahyadri Hospitals

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The investment will help Sahyadri Hospitals to cement its position as the leading healthcare chain in Maharashtra

The Everstone Group (Everstone), has signed an agreement to acquire a controlling stake in Sahyadri Hospitals (Sahyadri). The combination of primary and secondary capital outlay is expected to increase the bed-count significantly in next five years.

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.”

Commenting on the investment, Dr 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.”

According to industry estimates, private secondary and tertiary healthcare delivery in India is expected to grow from $42 billion in 2018 to $65 billion by 2022 at a CAGR of ~12 per cent. This investment will help Sahyadri to cement its position as the leading healthcare chain in Maharashtra.

 

 

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