About CARE Hospitals
CARE Hospitals is a company based in Hyderabad (India) founded in 1997 by Bhupathiraju Somaraju was acquired by Blackstone in May 2023.. The company has 517 employees as of April 07, 2024. CARE Hospitals has completed 4 acquisitions, including CHL Hospitals, CIIGMA and KIMSHEALTH. CARE Hospitals operates in a competitive market with competitors including Medicover, Geri Care, SSO Hospital, The Mission Hospital and Muthoot Health Care, among others.
- Headquarter Hyderabad, India
- Employees 517 as on 07 Apr, 2024
- Founders Bhupathiraju Somaraju
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Quality Care India Limited
- Date of Incorporation 07 Sep, 1992
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$195.21 M (USD)22.26as on Mar 31, 2023
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Net Profit
$11.82 M (USD)-19.99as on Mar 31, 2023
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EBITDA
$38.21 M (USD)21.41as on Mar 31, 2023
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Latest Funding Round
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Investors
Blackstone
& 3 more
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Employee Count
517
as on Apr 07, 2024
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Investments & Acquisitions
CHL Hospitals
& 3 more
- Acquired by
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Funding Insights of CARE Hospitals
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2001 | Amount | Series A - CARE Hospitals | Valuation | True North |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CARE Hospitals
CARE Hospitals has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Blackstone, True North and Advent International. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity is invested by True North in mid-market companies.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multispeciality hospital services are offered across super specialties in India.
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2016 | ||||
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Multispecialty hospital services are delivered in standalone facility.
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2014 | ||||
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Comprehensive healthcare services are delivered through a multispeciality hospital chain.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CARE Hospitals
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Care Hospitals Comparisons
Competitors of CARE Hospitals
CARE Hospitals operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medicover, Geri Care, SSO Hospital, The Mission Hospital and Muthoot Health Care, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multispeciality hospitals are operated as a chain in healthcare.
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| domain | founded_year | HQ Location |
Diversified home healthcare solutions are provided for older adults.
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| domain | founded_year | HQ Location |
Health systems are operated by SSO Hospital in Mumbai.
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| domain | founded_year | HQ Location |
Operates as a standalone multispeciality hospital offering comprehensive patient care.
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| domain | founded_year | HQ Location |
Operates a chain of multispeciality hospitals providing comprehensive healthcare.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Care Hospitals
Frequently Asked Questions about CARE Hospitals
When was CARE Hospitals founded?
CARE Hospitals was founded in 1997 and raised its 1st funding round 4 years after it was founded.
Where is CARE Hospitals located?
CARE Hospitals is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of CARE Hospitals?
Jasdeep Singh is the current CEO of CARE Hospitals.
How many employees does CARE Hospitals have?
As of Apr 07, 2024, the latest employee count at CARE Hospitals is 517.
What is the annual revenue of CARE Hospitals?
Annual revenue of CARE Hospitals is $195.21M as on Mar 31, 2023.
What does CARE Hospitals do?
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.
Who are the top competitors of CARE Hospitals?
CARE Hospitals's top competitors include Medicover, Geri Care and SSO Hospital.
How many acquisitions has CARE Hospitals made?
CARE Hospitals has made 4 acquisitions, including CHL Hospitals, CIIGMA, and KIMSHEALTH.
Who are CARE Hospitals's investors?
CARE Hospitals has 4 investors. Key investors include Blackstone, True North, Advent International, and The Abraaj Group.