American private equity major Blackstone has joined the race to buy Omega Healthcare, a technology-enabled service provider, at an estimated valuation of $1.7 billion.
Omega Healthcare, which has 27,000 employees on its roll, is majority-owned by Goldman Sachs Asset Management and Everstone Capital, which are looking for an exit, said a source close to the development.
Blackstone, Goldman Sachs, Everstone, and Omega Healthcare declined to comment on the impending sale.
Omega Healthcare was founded by Gopi Natarajan and Anurag Mehta in 2003 in the United States (US) to provide outsourcing services to the healthcare services sector worldwide. Since then, the company has grown across the world with operations in the US, India, and the Philippines. A majority of its employees are based in India.
This story is from the May 11, 2024 edition of Business Standard.
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This story is from the May 11, 2024 edition of Business Standard.
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