TPG, Permira Lead Contenders for Cloudnine Minority Stake; Deal Values Chain at ₹11,000 Crore

TPG Capital and Permira emerged as frontrunners for a significant minority stake in Cloudnine, with binding bids expected and the deal valuing India's largest maternity and pediatric hospital chain at approximately ₹11,000 crore. For healthtech entrepreneurs, this signals large PE interest in specialised verticals with recurring revenue (pediatric and maternal care); differentiated clinical outcomes data is now a valuation lever.

Source: ET HealthWorld ↗