Hospital News

PE firms eye stake in Bengal Faith Health Care

Private equity firms have reportedly shown interest picking up stake in Bengal Faith Health Care, the Special Purpose Vehicle (SPV) formed to set up the Bardhaman Health City, a INR 1,000 crore PPP (public-private partnership project) to come up on a 60-acre plot near Durgapur Expressway(NH-42). “We are in talks with some private equity firms who have evinced interested in acquiring stake in Bengal Faith Health Care (BFHC) and we are open to offloading stake in the SPV”, said S S Chakraborty, chairman of CES Infratech, a joint venture between Consulting Engineering Services (India) and West Bengal Industrial Development Corporation (WBIDC). BFHC is an SPV promoted by CES Infratech and Faith Health Care, group company of CES. Faith Health Care holds the majority stake in the SPV. Chakraborty who did not name the private equity firms said that the SPV is also negotiating with some major healthcare chains like Fortis and Wockhardt for managing operations of the Anchor Hospital. The Anchor Hospital, a multi-speciality hospital to be built on the Bardhaman Health City is a part of the first phase of the project which is expected to be completed by 2010.

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