British private equity firm, Apax Partners, is investing USD 100 million for an 11 per cent stake in India's Apollo Hospitals Enterprises to take advantage of the fast-growing healthcare industry.
The Apollo Group founded by Prathap Reddy in 1983 operates more than 40 sites and is stated to be Asia's largest healthcare group.
According to a report in a newspaper, Apax already co-owns General Healthcare Group, the biggest private operator in the UK, alongside the South African firm Netcare and recently sold its stake in Healthcare at Home, a leading domestic care provider, to Hutton Collins.
(Source: Economic Times)
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