Everstone in talks to buy majority stake Sahyadri Hospitals

Home grown private equity fund Everstone Capital is in discussions to acquire a majority stake in Sahyadri Hospitals Ltd - the largest chain of hospitals in Maharashtra. Everstone is in negotiation with the existing investor Global Infrastructure Partners to buy 51% in Sahyadri. Sahyadri, the brainchild of renowned neurosurgeon Dr.CharuduttApte, has presence in Pune, Nashik and Karad. The Sahyadri group has eight hospitals with more than 900 beds and 200 ICU beds. Currently, it employs more than 1000 clinicians and 2300 support staff. It has six hospitals in Pune, one each inNashik and Karad. The deal will value Sahyadri at about Rs 800 crore, said one of the people cited above. At present, due dilligence by Everstone is on, he added.