Max Healthcare frontrunner to acquire Care Hospitals from TPG

Max and TPG signed "deal exclusivity" for bilateral negotiations late last month. As per the terms of the agreement, Abhay Soi-led Max has already given a firm offer to TPG within the stipulated six-week window for a buyout, said people in the know. The Max offer--a structured agreement with an option on the Bangladesh assets - could see Care Hospitals' valuation at ₹5,500-6,500 crore, said the people mentioned above.

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