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    Question

    Blackstone has signed a binding agreement to acquire a

    controlling stake in Care Hospitals from TPG, valuing the India and Bangladesh-based hospital chain at about ________.
    A $550 million Correct Answer Incorrect Answer
    B $620 million Correct Answer Incorrect Answer
    C $740 million Correct Answer Incorrect Answer
    D $800 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Blackstone has signed a binding agreement to acquire a controlling stake in Care Hospitals from TPG, valuing the India and Bangladesh-based hospital chain at about $800 million. The private equity firm will pick up a stake of about 70% under the pact.

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