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 ________.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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