Adani Planning to Invest $4 Billion into Healthcare

Gautam Adani, the fifth richest person in the world, plans to make a major investment in the healthcare sector, acquiring large hospitals, diagnostic chains, offline and digital pharmacies, etc. into this sector.

The group's top executives, who operate from airports to ports, recently met with several foreign banks and global private equity investors to outline the group's plans in the healthcare business.

There are several factors driving the growth of India's medical sector. For example, the number of beds per 1,000 people is surprisingly low, the population over the age of 60 is increasing, a large middle-class population, and a surge in lifestyle-related diseases. The domestic healthcare sector, especially online pharmacies, has seen a surge in M&A over the last two years.

Founded in 1988, the Adani Group is one of India's largest conglomerates with sales of over $20 billion. It exists in power, green energy, infrastructure, food processing, and airports.