Healthcare Global witnessed a surge of over 4% to reach a 52-week high on the morning of February 19, following reports of intense competition among private equity powerhouses for a controlling stake in the renowned cancer hospital chain.
According to sources cited by The Economic Times, private equity funds EQT (previously Baring PE Asia-EQT), TPG Capital, and KKR are all vying to acquire the controlling stake currently held by CVC Capital. The investment firm currently controls a significant 60.41% stake in Healthcare Global through its associate Aceso Company Pte.
As of 11:04 am, Healthcare Global’s shares were trading 2.69% higher at ₹394.70 on the National Stock Exchange (NSE).
