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Bain Capital joins race to buy Max Healthcare stake, says report
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Bain Capital Private Equity has also joined the race with KKR and its Indian hospital chain partner Radiant Life Care to buy a 47 percent stake in Max Healthcare, reported The Economic Times.
Bain Capital Private Equity has also joined the race with KKR and its Indian hospital chain partner Radiant Life Care to buy a 47 percent stake in Max Healthcare, reported The Economic Times.
Bain Capital is looking to buy the stake from South Africa’s Life Healthcare for between $450 million and $540 million, the report said citing two people with direct knowledge of the development.
ABain Capital spokesperson told The Economic Times it had “no comment” on the matter, Radiant MD Abhay Soi did not respond to text messages seeking comment while a Max India spokesperson did not respond to an emailed questionnaire sent by the newspaper.
The race for the stake in Max Healthcare is key as the firm is a big player in the Indian healthcare sector. The firm, which is joint venture between Analjit Singh and Life Healthcare, runs 14 hospitals with 2,500 beds across north India.
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