'Private equity interest shows potential of healthcare sector': Hedley Goldberg
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«We expect to see expansion of interest as international players evaluate the market and get more comfortable with the domestic landscape,» Hedley Goldberg, partner and global head of healthcare services at Rothschild & Co, told ET in an interview.
Healthcare services is more of a local play, hence it is not surprising to see strong interest from PE funds and domestic players in the sector, Goldberg said. In the recent past, the hospital sector in India has seen a consolidation, largely driven by global private equity funds.
Recently, Blackstone-owned Quality Care India (QCIL) became the third largest hospital group in India, after making multiple acquisitions. Another PE fund, TPG Growth, owns a 25% stake in QCIL. Rothschild had advised TPG on its majority stake sale in QCIL to Blackstone in 2023.
India's healthcare sector faces significant challenges, including a shortage of hospital beds and doctors. According to a 2020 Human Development Report, India ranked 155th in bed availability, with just five beds and 8.6 doctors per 10,000 people, indicating the growth potential in the sector.
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