The founder of Sterling Hospitals, Girishbhai Patel has retained a minority stake and will continue to be a mentor to Sterling Hospitals
Sterling Addlife India, which operates the Sterling Hospitals chain of multi-specialty hospitals in Gujarat, has been acquired by a global consortium led by Arpwood Partners (“Arpwood”). The founder of Sterling Hospitals, Girishbhai Patel has retained a minority stake and will continue to be a mentor to Sterling Hospitals.
Commenting on the new investors in Sterling Hospitals, Patel noted “ The partnership with Arpwood is aimed at pursuit of medical excellence at Sterling Hospitals to serve Gujarat. I have high confidence that Arpwood will be a capable new custodian of Sterling.”
Spokesperson for Arpwood Partners said that “Our intent at Sterling Hospitals is to build on its legacy of trust with investments 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 and distinguished record at one of the largest national healthcare chains. Incidentally, all the three founders of Arpwood are privileged to have pursued post-graduate studies from Ahmedabad and are pleased to renew their association with the state of Gujarat and with its admirable people.”