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CARE Hospitals Acquires CHL Hospitals, Indore

Hyderabad primarily based CARE Hospitals Group an asset of TPG Progress managed Evercare Fund and one of many largest hospital networks in India in the present day introduced its entry into Madhya Pradesh area by the acquisition of Indore primarily based CHL Hospitals. Established in 2001, Handy Hospitals Ltd. (CHL) was the primary company hospital established within the central area of India and is understood for its sturdy medical experience within the fields of Cardiology/Cardiac Surgical procedure, Neuro Sciences, GI, Liver Transplants, Renal Sciences and demanding care.


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CARE Hospitals’ flagship hospital is situated at Banjara Hills, Hyderabad


CARE Hospitals was instituted in 1997 as a single speciality Cardiac Hospital in Hyderabad with 100 beds & 20 cardiologists. The Group has now developed as India’s main multi-speciality hospital community with 15 healthcare amenities throughout 6 states and over 2400 beds providing 30 Medical specialities. It’s the first hospital group in India which has established a robust presence in tier 2 cities in India.


Talking concerning the acquisition, Mr. Jasdeep Singh, Group CEO, CARE Hospitals stated, “We welcome CHL Hospitals to the CARE Hospitals community and are excited by the potential to create larger accessibility to excessive finish medical care to sufferers with our mixed experience in Central India. As a nationwide chain CARE Hospitals has all the time been on the forefront of offering high quality healthcare to the affected person group in tier-2 cities and our hospitals are main suppliers in every of those cities. This partnership with CHL consolidates our presence additional with a management place in a key geography of the nation.”


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Mr. Jasdeep Singh, Group CEO, CARE Hospitals


With a extremely gifted workforce of greater than 1200 medical doctors throughout the community and 6000+ staff the CARE Hospitals group treats tens of millions of sufferers yearly and during the last 25 years has excelled in Cardiac Sciences, Oncology, Neurosciences, Renal Sciences, Gastroenterology & Hepatology, Orthopaedics & Joint Alternative, ENT, Vascular Surgical procedure, Built-in Organ Transplants.


The announcement additionally coincides with CARE Hospitals’ momentous milestone of finishing 25 years with a robust legacy of medical excellence with many firsts to its credit score together with creating India’s first indigenous Coronary Stent, being the primary Indian hospital to carry out Coronary heart Surgical procedure on a Foetus and has carried out greater than 1000 stapedotomy (to deal with listening to loss) carried out by a single surgeon, that grew to become 2nd largest research within the World acknowledged by Cambridge University.


Mr. Rajesh Bhargava, Chairman & Managing Director of CHL Hospitals stated, “We welcome CARE Hospitals to take the lead in growing CHL Hospitals in Indore and other parts of the state. For the past 21 years the clinical team at CHL across specialties has been delivering exceptional care and has gained multiple recognitions. With the new transition our teams are looking forth to supporting CARE Hospitals in its endeavour to scale up CHL Hospitals in Central India.”


Mr. Vishal Bali, Chairman, CARE Hospitals, added, “India’s future growth trajectory and aspiration of a USD 5 trillion economy will be routed through the rise of Tier 2 cities. These cities will also contribute significantly to the rise in healthcare consumption and power the next phase of growth for the healthcare sector. CARE Hospitals through its deep presence in some of the fastest growing tier 2 cities in the country is well poised to play a critical role in advancing patient care in these regions and will continue to consolidate its presence in these markets.”


About CARE Hospitals

CARE Hospitals Group is a multi-specialty healthcare supplier working 15 healthcare amenities serving 7 cities throughout 6 states in India. The community has its presence in Hyderabad, Raipur, Bhubaneswar, Pune, Vishakapatnam, Nagpur & Indore. A regional chief in South and Central India and counted among the many prime 5 pan-Indian hospital chains, CARE Hospitals delivers complete care in over 30 medical specialties, with over 2400 beds. Presently CARE Hospitals operates beneath the aegis of the Evercare Group, an impact-driven healthcare community extending its providers throughout South Asia and Africa.


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