Ontario Teachers’ Pension Plan Board, today announced an agreement to acquire a significant majority stake in Sahyadri Hospitals Group, the largest private hospital chain in the state of Maharashtra, from the Everstone Group. Existing sponsor, Everstone Group, along with key management and founders will retain minority stakes in the company.
Sahyadri is the latest investment by Ontario Teachers’ Private Capital team in high-performing healthcare businesses. Recent investments include Asia Pacific Healthcare Group, New Zealand’s largest pathology network, Abano Healthcare, the operator of one of the largest trans-Tasman dental groups, and Acorn Health, a leading U.S. provider of Applied Behavior Analysis therapy for children diagnosed with Autism Spectrum Disorder.
The transaction is expected to close in Q4 2022 and is subject to customary closing conditions.
Read more: PR Newswire
