Reuters: Private Equity: Advent International says invests $105 mln in Indian hospital chain

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Advent International says invests $105 mln in Indian hospital chain Apr 2nd 2012, 06:16 MUMBAI, April 2 | Mon Apr 2, 2012 2:16am EDT MUMBAI, April 2 (Reuters) - U.K.-based private equity fund Advent International has invested about $105 million in India's Care Hospitals by acquiring shares from some of the existing investors and injecting additional capital into the business. Care is the largest multi-specialty hospital chain in South India, with strength in cardiac care, neurology, nephrology and general medicine, the private equity fund said in a statement. This is Advent's third investment in India. The statement did not specify what stake the private equity fund would get in Care. Advent, which manages about $26 billion globally and has made investments in CAMS, a provider of outsourced transaction processing for mutual funds and insurance and Element-K, a corporate e-learning business acquired by SkillSoft. (Reporting by Indulal PM; Editing by Subhadip Sircar)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions