Advent International Invests ₹3,150 Crore in Yatharth Hospitals
Advent International acquires a 24.9% stake in Yatharth Hospitals, marking a major investment in India's healthcare sector.
Global private equity firm Advent International is set to invest ₹3,150 crore in Yatharth Hospital and Trauma Care Services, securing a 24.9% stake in the company. This move represents one of the most substantial private equity investments in India's hospital sector, reflecting a growing interest in the country’s expanding healthcare market.
Strategic Investment Amidst Rising Demand
Advent's investment arrives at a time when demand for quality healthcare in India is on the rise, driven by increasing health insurance penetration and the need for scalable regional hospital networks. According to a recent EY-Parthenon Healthcare Sector report, hospital operators in India have been experiencing robust revenue and EBITDA growth, thanks to higher patient volumes, improved realizations, and a shift towards more complex treatments.
Yatharth Hospitals, founded in 2008, operates nine multi-speciality facilities with approximately 2,800 beds and plans to expand to 3,250 beds. The hospital network, primarily located in North India, has grown through both organic development and acquisitions. The investment by Advent is expected to accelerate Yatharth’s growth trajectory, expanding its reach and capabilities in the healthcare sector.
Expanding Healthcare Portfolio
Advent International has been an active player in India’s healthcare and pharmaceutical sectors, although its presence in the hospital sector has been limited. The firm’s previous involvement includes a 2012 investment in Care Hospitals. Advent's current healthcare portfolio in India includes Apollo 24/7, Cohance, and Bharat Serums and Vaccines. This latest investment in Yatharth Hospitals aligns with Advent's strategy to explore hospital assets, particularly in the Delhi-NCR region.
Pankaj Patwari, Managing Director at Advent, emphasized the firm’s commitment to India’s healthcare sector, which he believes is poised for a decade of structural growth. He expressed confidence in partnering with the Yatharth family to leverage Advent’s global healthcare expertise and support the company’s next phase of growth.
Market Dynamics and Future Prospects
The Indian hospital sector continues to be a significant growth driver within the healthcare industry, with major operators seeing over 15% year-on-year growth in revenue and EBITDA. Occupancy rates have remained steady between 60-75%, while average revenue per occupied bed has increased. High-acuity specialties like cardiology and oncology are expanding rapidly, further boosting hospital revenues.
Yatharth Hospitals has a strong presence across the National Capital Region, with facilities in Noida, Greater Noida, Noida Extension, Greater Faridabad, New Delhi, Faridabad, Gurugram, Jhansi-Orchha in Madhya Pradesh, and Agra. The Tyagi family, which founded Yatharth, will retain the largest shareholding post-transaction.
Advent International, managing over $109 billion in assets as of June 2026, has completed 460 investments across 45 countries. Its extensive experience in healthcare investments spans over 35 years, with more than 55 healthcare deals in 17 countries, underscoring its commitment to advancing healthcare services globally.