KKR & Co. Inc. (NYSE:KKR) and Temasek Holdings (Private) Limited as well as Max Healthcare Institute Limited (BSE:543220), are competing to acquire CARE Hospitals Private Limited in a potential deal valued at more than $1 billion (about INR 82,000 million), said a person aware of the matter, requesting anonymity. TPG-backed Quality Care India Ltd, which runs the hospital chain, has also shortlisted two other private equity giants Blackstone Inc. (NYSE:BX) and CVC Capital Partners Limited, a second person said, who also asked to remain anonymous.

Care Hospitals, Temasek, TPG and Blackstone declined to comment. KKR, Max Healthcare and CVC Capital did not respond to requests for comment.