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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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