CCI Approves Advent International’s INR 3,150 Cr Investment in Yatharth Hospitals

The investment will provide growth capital to Yatharth Hospitals to fund its expansion plans and strengthen its healthcare network across the country.

Competition Commission of India (CCI) has approved a proposed INR 3,150 crore investment by US-based private equity firm Advent International in Noida-headquartered Yatharth Hospital & Trauma Care Services.

Following the completion of the transaction, Advent is expected to hold a minority stake of 24.9 per cent in the healthcare provider, while the founding Tyagi family will remain its largest shareholder.

The investment is being made through Advent’s Cyprus-based investment fund, Rasmalai.

As per reports, the entity is incorporated in Cyprus, with the principal activity of holding investments, and currently has no business operations or presence in India.

Announcing the approval, the Competition Commission of India (CCI) stated, "Commission approves acquisition of certain shareholding of Yatharth Hospital & Trauma Care Services Limited by Rasmalai Limited.”

The approval follows an earlier announcement by Yatharth Hospitals regarding a definitive agreement with Advent International for an investment of INR 3,150 crore in primary capital.

The investment will provide growth capital to Yatharth Hospitals to fund its expansion plans and strengthen its healthcare network across the country.

The company plans to increase its capacity to more than 5,000 beds over the next three years.

The transaction is also intended to strengthen Advent’s footprint in India’s hospital and healthcare services sector.

Founded in 2008, Noida-based Yatharth Hospital and Trauma Care Services currently operates nine multi-speciality hospitals with 2,800 beds and an overall announced capacity of 3,250 beds.

It offers comprehensive healthcare services, diagnostics, and advanced medical procedures across multiple specialities.

Further, Yatharth Hospitals has outlined its next phase of growth around increasing hospital capacity, expanding clinical specialities, adopting technology, and entering underserved and high-growth healthcare markets.

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