A fierce battle among some of the world's biggest private equity firms for a stake in maternity and paediatric care chain Cloudnine is the latest reminder that India's hospital sector continues to command extraordinary investor attention.
Warburg Pincus, KKR, TPG Capital, Advent International, CVC Capital Partners, Permira and Kedaara Capital are all in the race to acquire a 25% stake in the company at a valuation of about Rs 10,000 crore, ET has reported. The contest comes just months after Manipal Health Enterprises filed for what could become India's largest healthcare IPO and amid growing expectations that several other healthcare providers may tap public markets.