After the landmark £95m sale of Alpha Hospitals to Cygnet Healthcare of Universal Health Services (UHS), London-based international private equity firm C&C Alpha Group (CCAG) is planning expansion into healthcare and hospitality sectors in India.
"We will now be looking for new investment opportunities in healthcare and other speciality services in India, which provide a big investment opportunity. The Group plans to invest about Rs 1,500 crore in the healthcare and hospitality sectors over the next 3 to 5 year horizon in India," said executive director, Mr. Bhanu Choudhrie.
CCAG already has a presence in India through a wholly-owned subsidiary, Shanti Hospitality, which runs hospitality brands that include Hyatt Hotels, Ananda in the Himalayas (managed by IHHR), Amritara Resorts and Nidra Hotels, which is planning on adding fourteen hotels in the next 7 years period.
The group is eyeing to augment its market share through existing and new associations. "In hospitality, we have already planned to add about 1,800 rooms in India under three brands - Hyatt, Four Points and Aloft Hotels - to take our total strength to about 3,000 rooms. In addition to this, the C&C Alpha Group is also building a 200-beds super specialty hospital in South Delhi, for which we have already acquired the land," Choudhrie said.
"We will now be looking for new investment opportunities in healthcare and other speciality services in India, which provide a big investment opportunity. The Group plans to invest about Rs 1,500 crore in the healthcare and hospitality sectors over the next 3 to 5 year horizon in India," said executive director, Mr. Bhanu Choudhrie.
CCAG already has a presence in India through a wholly-owned subsidiary, Shanti Hospitality, which runs hospitality brands that include Hyatt Hotels, Ananda in the Himalayas (managed by IHHR), Amritara Resorts and Nidra Hotels, which is planning on adding fourteen hotels in the next 7 years period.
The group is eyeing to augment its market share through existing and new associations. "In hospitality, we have already planned to add about 1,800 rooms in India under three brands - Hyatt, Four Points and Aloft Hotels - to take our total strength to about 3,000 rooms. In addition to this, the C&C Alpha Group is also building a 200-beds super specialty hospital in South Delhi, for which we have already acquired the land," Choudhrie said.
As an investment holding company, CCAG incubates, grows and creates value for its portfolio companies. Its track record includes successful ventures in healthcare, hospitality, real estate, aviation, utilities and agriculture. By bringing together entrepreneurs, strategy consultants, project managers and financial analysts, it aims to create stakeholder value by organic growth and strategic partnerships. CCAG typically invests 2m-40m per transaction and takes a mid-to-long-term view of its investments.
The buyout of Alpha Hospitals was viewed as an ‘excellent geographical fit’ by UHS--one of the largest hospital providers in the US. With the addition of four new hospitals and 305 beds, UHS now has a total of of 21 hospitals and approximately 1,100 beds in the UK through its subsidiary Cygnet.
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