Global investors led by Arpwood buy majority stake in Sterling Hospitals

A global consortium of investors led by private equity (PE) firm Arpwood Partners has acquired a majority stake in Sterling Addlife India Pvt Ltd for an undisclosed amount. The company operates the Sterling Hospitals chain of multi-specialty hospitals in Gujarat.

Post acquisition, Sterling Hospitals' Founder Girishbhai Patel has retained a minority stake and will continue to be a mentor to Sterling Hospitals.

According to Arpwood Partners, the consortium will now invest in high-calibre clinical talent, infrastructure upgrade and patient service experience, and deliver quality medical care to patients.

"We will soon announce an experienced CEO who has had a long