A spate of buyouts in the standalone health insurance segment has seen private equity (PE) players, hospital chains and large mortgage lenders jumping in to get a piece of the cake.
So, what’s cooking? The latest to get on to the bandwagon is the Housing Finance Development Corporation (HDFC) – it is to acquire the 51.2 per cent stake held by Apollo Hospitals in Apollo Munich Health Insurance for Rs 1,347 crore; and plans to merge the company with its general insurance subsidiary, HDFC Ergo. Earlier in February, True North bought Max India’s 51 per cent stake in Max ...
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