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Max Healthcare sues Care Hospitals owner over its takeover: Report
short by Ananya Goyal / on Tuesday, 2 May, 2023
Max Healthcare Institute has reportedly sued TPG after the private equity firm favoured Blackstone's offer over Max's bid for acquisition of Care Hospitals. As per The Economic Times, Max alleged that its offer was "shopped around" to Blackstone despite a non-disclosure and exclusive agreement. Max also cited a breach of their term sheet agreement over a "specific performance" clause.
read more at Moneycontrol