CCI approves acquisition of 72.49% stake (approx.) in Quality Care India by BCP Asia II

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....CI approves acquisition of 72.49% stake (approx.) in Quality Care India by BCP Asia II <br>News and Press Release<br>Dated:- 20-9-2023<br><BR>The Competition Commission of India (CCI) has approved acq....

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....uisition of approximately 72.49% stake in Quality Care India by BCP Asia II. The Proposed Combination envisages acquisition of ~72.49% of the total equity shareholding of Quality Care India Limited (....

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....Target), on a fully diluted basis, by BCP Asia II Topco IV Pte. Ltd (BCP Asia II/Acquirer) from Touch Healthcare Private Limited. The Acquirer is controlled by funds advised and/or managed by affilia....

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....tes of Blackstone Inc. The Target is a multi-specialty healthcare provider established in 1997. It operates a network of multi-speciality hospitals under the brand name 'CARE Hospitals' in various ci....

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....ties in India. The Target, directly and through its downstream affiliates, has 17 healthcare facilities (16 hospitals and 1 clinic) serving 7 cities in 6 states in India, with ~2,400 beds.<BR> News - ....

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....Press release - PIB....