Dubai's Abraaj Group to buy majority stake in India's CARE Hospitals

Mumbai: Abraaj Group, a Dubai based private equity (PE) investor, is set to buy a majority stake in an Indian firm Quality CARE India Ltd, which runs CARE Hospitals. Abraaj plans to buy the stake from global PE firm Advent International. CARE operates a multi-specialty chain of 16 hospitals across nine cities and plans to expand in underpenetrated regions of India, as well as enter other markets where Abraaj operates. 

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