Wall Street’s $10 billion bet on India’s hospitals sparks billing fight
- Global investors including Blackstone, KKR and TPG have invested about $10 billion in Indian hospital chains over five years.
- Private Equity-backed hospitals have under 5% of India’s beds, but are strong in high-cost cancer and cardiac care.
- Insurers accuse some private hospitals of inflating bills and pushing costly procedures, while hospitals blame low payouts.
- Medical inflation is as high as 13% a year, raising concerns that private healthcare is becoming less affordable.
Source: ndtv.com
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