About CARE Hospitals
CARE Hospitals is a Healthcare company based in Hyderabad (India) founded in 1997 by Bhupathiraju Somaraju, and was acquired by Blackstone in May 2023. Multi-specialty healthcare provider. CARE Hospitals has raised $30 million across 2 funding rounds from investors including Blackstone, True North and Advent International. The company has 517 employees. CARE Hospitals has completed 4 acquisitions, including CHL Hospitals, CIIGMA and KIMSHEALTH. Its chief executive, as recorded, is Jasdeep Singh. Its website carehospitals.com draws about 2.2 million monthly visits. Its Indian entity Quality Care India Limited reported revenue of ₹1,050 Cr. Its focus areas include Hospital Chains, Multispecialty Hospital Chains and Health Systems. Its competitors include Geri Care, SSO Hospital and The Mission Hospital; 2 of its 3 listed competitors have raised funding.
Company details
CARE Hospitals was founded in 1997 in Hyderabad, India, as a multi-specialty healthcare provider. Operations are conducted through 17 facilities spanning 6 states, where services in more than 30 specialties are offered. Medical care is provided with an emphasis on cost-effectiveness, supporting a range of treatments in the healthcare sector. Leadership includes Founder and Chairman Bhupathiraju Somaraju and CEO Jasdeep Singh.
- Headquarters Hyderabad, India
- Employees 517
- Founders Bhupathiraju Somaraju
- Stage Acquired
- SectorsHealthcare
- Website category Health
- Email••••••••
- Phone•••• ••••
- Website carehospitals.com
- Social LinkedIn X Facebook YouTube
- Acquired by Blackstone (May 2023)
- Legal Name Quality Care India Limited
- Date of Incorporation 07 Sep, 1992
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1,050 Cr
FY 2023 · +22% YoY
- Net Profit₹98.32 Cr
FY 2023 · 6% margin
- EBITDA₹333 Cr
FY 2023 · 20% margin
- Total Equity Funding$30M (USD)
in 2 rounds
- Latest Funding Round$30M (USD), Series B
Feb 2016
- InvestorsBlackstone
& 4 more
- Employee Count517
- Investments & AcquisitionsCHL Hospitals
& 3 more
- Acquired by
Associated legal entities of CARE Hospitals
CARE Hospitals operates through Quality Care India Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Quality Care India Limited CIN U85110TG1992PLC014728 | Active | 07 Sep 1992 | Hyderabad, Telangana | ₹1,050 Cr | 517 | 12 | View details |
Apps and channels of CARE Hospitals
its YouTube channel CARE Hospitals has 518K subscribers and 30 videos.
Videos from CARE Hospitals
The most watched videos on CARE Hospitals's YouTube channel, CARE Hospitals (518K subscribers). Click a video to play it here.
More on CARE Hospitals.
Funding Insights of CARE Hospitals
CARE Hospitals has successfully raised a total of $30M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in February 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30M
- Total Rounds 2
- Last Round Series B — $30M
- Investors Count 2
All 2 funding rounds of CARE Hospitals with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2016 | $30M | Series B | – | – | |
| Jun 2001 | Series A | – | True North | – |
5 investors in total: 5 institutional.
Investors in CARE Hospitals
CARE Hospitals has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Blackstone, True North and Advent International.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity is invested by True North in mid-market companies. | truenorth.co.in | Mumbai, India | ||
Private equity firm focused on multiple sectors | adventinternational.com | Sao Paulo, Brazil | ||
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
Private equity investments are managed in emerging markets globally. | abraaj.com | Dubai, United Arab Emirates | ||
| bii.co.uk |
Investor details for CARE Hospitals
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Board of directors of Quality Care India Limited (CARE Hospitals)
Quality Care India Limited is the primary company behind CARE Hospitals. The board of Quality Care India Limited currently have 10 directors; the longest-serving is Mahadevan Narayanamoni, appointed in 2019. 62 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahadevan Narayanamoni DIN 07128788 | Director | 21 Jun 2019 | 7 yrs 4 mo | Quality Care India Limited |
| Vishal Bali DIN 01457380 | Director | 21 Jun 2019 | 7 yrs 4 mo | Quality Care India Limited |
| Ekta Bahl DIN 01437166 | Director | 17 Dec 2019 | 6 yrs 10 mo | Quality Care India Limited |
| Tejas Deepak Naphade DIN 10219144 | Director | 27 Oct 2023 | 3 yrs | Quality Care India Limited |
| Ayshwarya Ravi Vikram DIN 08153649 | Director | 27 Oct 2023 | 3 yrs | Quality Care India Limited |
| Aniket Damle DIN 08538557 | Director | 27 Oct 2023 | 3 yrs | Quality Care India Limited |
| Ganesh Mani DIN 08385423 | Director | 27 Oct 2023 | 3 yrs | Quality Care India Limited |
| Himanshu Dodeja DIN 07624809 | Director | 27 Oct 2023 | 3 yrs | Quality Care India Limited |
| Varun Shadilal Khanna DIN 03584124 | Managing Director | 10 Apr 2024 | 2 yrs 6 mo | Quality Care India Limited |
| Kewal Kundanlal Handa DIN 00056826 | Director | 23 Jul 2024 | 2 yrs 3 mo | Quality Care India Limited |
People of CARE Hospitals
35 people are tracked at CARE Hospitals (18 in leadership, 17 in team); the tracked headcount is 517.
| Name | Role | Group |
|---|---|---|
Bhupathiraju Somaraju | Founder & Chairman | Leadership |
Jasdeep Singh | CEO | Leadership |
Rakesh Aggarwal | Head - Central Buying | Leadership |
Sachin Verma | Assistant Vice President - Oracle Apps And Head PMO | Leadership |
Shivakumar N | Vice President - Projects & Engineering Services | Leadership |
Biju Nair | Zonal Chief Operating Officer | Leadership |
Praveen Kumar | Hospital Chief Operating Officer | Leadership |
Amar Kumar Sharma | Assistant General Manager | Leadership |
Dr. Tanvika Sharma | Assistant General Manager Operations | Leadership |
Vipul Ramteke | Operation Head - Care Hospitals Nampally | Leadership |
Kislay Anand | Zonal Chief Operating Officer | Leadership |
Mayukh Chaudhuri | Hospital Chief Operating Officer | Leadership |
Jaspreet Kaur | Head Talent Acquisition | Leadership |
Kunal Hota | Head - Marketing Communications | Leadership |
Dr Ajit Singh Thakur | Associate Vice President - Hyderabad Region And Medical Head For CARE Banjara | Leadership |
Nikhil Mathur | Group Chief Of Medical Services Care Hospitals | Leadership |
Satbir Singh | Unit Head Of Operations - General Administration | Leadership |
Santosh Kumar Patra | Zonal Billing Head | Leadership |
Sunil Kumar | Manager | Team |
Victor Komavarapu | Deputy Manager HR - OPS | Team |
15 more people are available in the full profile.
Complete people profiles for CARE Hospitals
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Financials of CARE Hospitals
Figures of Quality Care India Limited, the primary company behind CARE Hospitals, for FY 2023. Revenue was ₹1,050 Cr (+22% year on year). Net profit was ₹98.32 Cr (6% margin). EBITDA was ₹333 Cr (20% margin).
- ₹1,050 CrRevenue · FY 2023 · +22% YoY
- ₹98.32 CrNet profit · 6% margin
- ₹333 CrEBITDA · 20% margin
- ₹381 CrPaid-up capital
- 517Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Quality Care India Limited are on its company page.
Detailed financial statements for CARE Hospitals
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by CARE Hospitals
CARE Hospitals has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include CHL Hospitals, CIIGMA and KIMSHEALTH.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Comprehensive healthcare services are delivered through a multispeciality hospital chain. | kimshealth.org | India | 2002 | Oct 2023 | $400M | |
Multispeciality hospital services are offered across super specialties in India. | unitedciigma.in | Aurangabad, India | 2016 | Jul 2022 | •••• | |
Multispecialty hospital services are delivered in standalone facility. | ciigmagroup.org | Aurangabad, India | 2014 | Jul 2022 | •••• | |
Multi-specialty hospitals are operated for healthcare services in Indore. | chlhospitals.com | Indore, India | 2001 | Jul 2022 | •••• |
Complete acquisition details for CARE Hospitals
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Timeline of CARE Hospitals
10 dated milestones of CARE Hospitals across 26 years, from founding to its latest funding, stage changes and deals.
- Founded CARE Hospitals is founded.
- Funding First funding round.
- Exit Acquired by Advent International.
- Exit Acquired by The Abraaj Group.
- Funding Latest funding round, Series B, of $30.0M.
- Acquisition Acquires CHL Hospitals.
- Acquisition Acquires United Ciigma Hospital.
- Acquisition Acquires CIIGMA.
- Exit Acquired by Blackstone.
- Acquisition Acquires KIMSHEALTH.
Competitors of CARE Hospitals
CARE Hospitals has 3 listed competitors in our database, 2 of them funded. They include Geri Care, SSO Hospital and The Mission Hospital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gericare.in | 2018 | Chennai, India | $15.48M | 456 | Diversified home healthcare solutions are provided for older adults. | |
| ssohospitals.com | 2019 | Mumbai, India | $414,287 | 159 | Health systems are operated by SSO Hospital in Mumbai. | |
| themissionhospital.com | 2008 | Durgapur, India | 39 | Operates as a standalone multispeciality hospital offering comprehensive patient care. |
Detailed competitors of CARE Hospitals
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Web traffic of CARE Hospitals
The website of CARE Hospitals (carehospitals.com) receives about 2.2M visits a month and ranks #38,225 among all websites worldwide, #947 in Health.
- Monthly visits2.2M
▲ 20.2% vs previous month
- Unique visitors1.1M
per month
- Global rank#38,225
among all websites
- Category rank#947
Health · Health
- Bounce rate52%
- Pages per visit1.9
- Average visit45 sec
- DevicesDesktop 11% · Mobile 89%
Websites whose visitors overlap most with CARE Hospitals. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| yashodahospitals.com | 100% | 1.2M | #48,828 | View details | |
globalhospitalsindia.com | globalhospitalsindia.com | 84% | – | ||
| kaminenihospitals.com | 84% | 14.7K | #1,559,835 | View details | |
| practo.com | 80% | 12M | #4,689 | View details | |
| 1mg.com | 78% | 44.9M | #1,062 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for CARE Hospitals
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Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as CARE Hospitals (Hospitals & Clinical Care) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Maternity, childcare, and fertility services are delivered via hospital chains. | 2007 | Bengaluru, Karnataka, India | USD 204.87 M | USD 140.46 M | 4,459 | |
Chain of oncology hospitals | 1989 | Bengaluru, Karnataka, India | USD 36.59 M | USD 270.51 M | 321 | |
Chain of multi-super specialty healthcare hospitals | 2004 | Gurugram, Haryana, India | USD 104.7 M | USD 461.72 M | 12,240 |
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Related news about Care Hospitals
Complete news archive for CARE Hospitals
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Frequently Asked Questions about CARE Hospitals
CARE Hospitals was founded in 1997 and raised its 1st funding round 4 years after it was founded.
CARE Hospitals is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Jasdeep Singh is the CEO of CARE Hospitals, as recorded in our data.
CARE Hospitals is a funded company, having raised a total of $30M across 2 funding rounds to date.
CARE Hospitals has 517 employees.
The primary company behind CARE Hospitals, Quality Care India Limited, reported revenue of ₹1,050 Cr for FY 2023, up 22% year on year.
CARE Hospitals was founded in 1997 in Hyderabad, India, as a multi-specialty healthcare provider. Operations are conducted through 17 facilities spanning 6 states, where services in more than 30 specialties are offered. Medical care is provided with an emphasis on cost-effectiveness, supporting a range of treatments in the healthcare sector. Leadership includes Founder and Chairman Bhupathiraju Somaraju and CEO Jasdeep Singh.
CARE Hospitals's top competitors include Geri Care, SSO Hospital and The Mission Hospital.
CARE Hospitals has made 4 acquisitions, including CHL Hospitals, CIIGMA, and KIMSHEALTH.
CARE Hospitals has 5 investors. Key investors include Blackstone, True North, Advent International, The Abraaj Group, and British International Investment.
CARE Hospitals operates through Quality Care India Limited.
Yes. CARE Hospitals was acquired by Blackstone in May 2023.