Quality CARE India Ltd. (QCIL), backed by Blackstone Private Equity, is actively exploring additional acquisitions to solidify its position as the third-largest hospital chain in India. The Hyderabad-based healthcare provider, renowned for its Care Hospitals, is poised to expand its capacity to 5,000 beds following the impending acquisition of Thiruvananthapuram-based KIMS Health. Currently, QCIL ranks among the top five hospitals in India based on its substantial bed capacity.
In a strategic move in October 2023, Blackstone secured a majority stake in Care Hospitals, a subsidiary of QCIL, from Evercare, a platform associated with TPG RISE funds. Simultaneously, QCIL has entered into an agreement to acquire a predominant share in KIMS Health. As reported by The Economic Times, due to its presence in tier-2 cities, Care Hospitals has pursued growth both organically and through strategic acquisitions.
