Arpwood Partners-led consortium acquires Sterling Addlife India, Health News, ET HealthWorld

Arpwood Partners-led consortium acquires Sterling Addlife IndiaNew Delhi: Sterling Addlife India Pvt Ltd, which operates the Sterling Hospitals chain of multi-specialty hospitals in Gujarat, on Thursday stated a world consortium led by Arpwood Partners has acquired it for an undisclosed sum. Sterling Hospitals founder Girishbhai Patel has retained a minority stake and can proceed to be a mentor to Sterling Hospitals, the corporate stated in a press release with out disclosing the monetary particulars of the transaction.

Commenting on the event, Patel stated, “The partnership with Arpwood is aimed at the pursuit of medical excellence at Sterling Hospitals to serve Gujarat. I have high confidence that Arpwood will be a capable new custodian of Sterling.”

A spokesperson for Arpwood Partners stated the corporate’s intent at Sterling Hospitals is to construct on its legacy of belief with investments in high-caliber scientific expertise, infrastructure improve and affected person service expertise, and ship high quality medical care to sufferers.

“We will soon announce an experienced CEO who has had a long and distinguished record at one of the largest national healthcare chains,” the spokesperson added.

Sterling Hospitals chain was based in 2001 by Patel. It has presence in Ahmedabad, Vadodara, Rajkot and Gandhidham and operates a community of six National Accreditation Board for Hospitals & Healthcare Providers (NABH) Accredited hospitals, together with two complete oncology models, with mixed working beds of over 1,000.

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