Global private equity house, Abraaj, which has US$9bn under management, has just bought a 76% stake in CARE Hospitals in a deal which sources say values the enterprise at 1850 Crore INR (around US$273m), capping an offer of around 1800 Crore INR (US$266m) from Temasek. Analysts say that Abraaj is paying around 17 times trailing EBITDA, which is less than the multiples of the large quoted groups. But what are its plans?