HBI Deals+Insights / M&A/IPOs
The Evercare Health Fund, formerly managed by now-defunct PE firm Abraaj, has made its first acquisition since TPG took over the fund last year, acquiring a private hospital group in Bangladesh for $120m. At the same time, UK development bank and Evercare investor CDC Group has partially sold a stake in an Indian hospital group, demonstrating you can make money while serving the low-end segment.