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<h1>Competition clearance for acquisition of majority stake in healthcare chain enables change in control by private funds.</h1> The Competition Commission approved BCP Asia II Topco IV Pte. Ltd, controlled by funds advised or managed by affiliates of Blackstone Inc., to acquire approximately 72.49% of the fully diluted equity of Quality Care India Limited from Touch Healthcare Private Limited, effecting a change in control. Quality Care India operates as CARE Hospitals and, directly and through downstream affiliates, runs 17 healthcare facilities across several states with roughly 2,400 beds, a footprint relevant to the competitive review.
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