Abraaj, CDC inject $17.5m in Indian hospital chain | GulfNews.com:
"Dubai-based private equity group Abraaj and a UK development body on Tuesday said they will inject $17.5 million (Dh64.3 million) in an Indian health care business to tap the country’s rising demand for medical services.
CDC and Abraaj will invest money in Rainbow Hospitals, a 450-bed health care facility based in southern India, to allow it to expand its existing operations and build new hospitals, according to an e-mailed statement.
“The current investment would give us the capacity to expand the number of beds available to patients from the current level of 450+ to close to 1,000 by 2017,” said Ramesh Kancharla, chairman and managing director of Rainbow Hospitals."
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