A hospital-private equity deal is always in the works in India. Entrepreneurs prefer to buy, not build. For obvious reasons. Borrowing is limited for acquisitions, owners need equity financing. Why not. A mid-to-large size hospital is a 15-20 year business, yet it’s being grown with funds on 5 to 8-year exit plans. It’s a necessary evil.
By these measures, if Manipal Group CEO Ranjan Pai has been looking at every hospital worth buying in India in recent years, it’s understandable.