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
Not available
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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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People of CARE Hospitals
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Funding Insights of CARE Hospitals
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.
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Private equity is invested by True North in mid-market companies.
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Private equity firm focused on multiple sectors
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Diversified investment management is provided across multiple asset classes.
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Investor details for CARE Hospitals
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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.
Investment portfolio details for CARE Hospitals
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| 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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Multispecialty hospital services are delivered in standalone facility.
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Comprehensive healthcare services are delivered through a multispeciality hospital chain.
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Complete acquisition details for CARE Hospitals
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Financial Statements - CARE Hospitals
Detailed financials for CARE Hospitals
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Care Hospitals Comparisons
Peer comparison for CARE Hospitals
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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.
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Multispeciality hospitals are operated as a chain in healthcare.
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Diversified home healthcare solutions are provided for older adults.
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Health systems are operated by SSO Hospital in Mumbai.
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Operates as a standalone multispeciality hospital offering comprehensive patient care.
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Operates a chain of multispeciality hospitals providing comprehensive healthcare.
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Detailed competitors of CARE Hospitals
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Latest news on 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 current CEO of CARE Hospitals.
As of Apr 07, 2024, the latest employee count at CARE Hospitals is 517.
Annual revenue of CARE Hospitals is $195.21M as on Mar 31, 2023.
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 Medicover, Geri Care and SSO Hospital.
CARE Hospitals has made 4 acquisitions, including CHL Hospitals, CIIGMA, and KIMSHEALTH.
CARE Hospitals has 4 investors. Key investors include Blackstone, True North, Advent International, and The Abraaj Group.