Private Equity Firms Compete for Stake in Asian Institute of Medical Sciences

Private equity firms General Atlantic and KKR are in a fierce competition to acquire a majority stake in the Faridabad-based hospital chain, Asian Institute of Medical Sciences (AIMS). The potential deal is estimated to value the hospital chain at INR 1,500 Crore, with other interested parties including Growtheum Capital and Everstone Capital.

Currently, US-based PE firm OrbiMed and British International Investment (BII) hold a 49% stake in AIMS, with the remaining shares owned by promoter Dr. Narendra Kumar Pandey and his family. Both existing investors and promoters are looking to sell a minority stake in AIMS, with Veda Capital managing the sale process.

General Atlantic plans to acquire the stake in AIMS through its hospital chain, Ujala Cygnus, while KKR recently acquired a majority stake in Kerala-based hospital chain Baby Memorial Hospital. This move marks KKR’s return to the Indian healthcare sector, with plans to expand its healthcare platform by acquiring more hospitals.

The competition for a stake in AIMS highlights the growing interest of private equity firms in the Indian healthcare sector and the potential for further consolidation and expansion in the industry. Stay tuned for more updates on this developing story.