Mumbai: Marengo Asia Healthcare, a healthcare platform arrange by Samara Capital and the household workplaces of Havells and Godrej teams, on Thursday stated it’s investing ₹450 crore in CIMS Hospital, Ahmedabad, for an undisclosed stake.
Via this funding, Marengo Asia plans on constructing new medical partnerships, introducing newest medical and technological advances, and bringing international experience to strengthen CIMS Hospital.
Established in 2010, by a group of cardiac medical doctors led by Dr Keyur Parikh, CIMS Hospital has grown from a 125-bed facility to a 330-bed multi-super specialty hospital.
This affiliation is the primary funding for the Marengo Asia Healthcare platform which is backed by Samara Capital, Havells Household Funding Workplace and Godrej Household Funding Workplace. As a part of the deal, allrounder medical doctors of the CIMSHospital may also be becoming a member of Marengo Asia as buyers.
Keyur Parikh, founder and chairman of CIMS, stated, “CIMS Hospital is the No. 1 ranked hospital in Gujarat by way of medical excellence, and we’re excited to be related to Marengo Asia tojointlyenhancethe footprint ofCIMS acrossIndia.”
Indium Capital Advisors was the unique advisor to CIMS and its shareholders for this transaction. Stratage Regulation Companions and DSK Authorized have been the unique authorized advisors to Marengo Asia Healthcare and CIMS Hospital & its shareholders, respectively.
Dr Raajiv Singhal, founding member and managing director, Marengo AsiaHealthcare, stated, “Via our community of partnerships with globally famend medical and tutorial establishments, we intend to additional construct on CIMS Hospital’s medical strengths and introduce Facilities of Excellence throughout departments equivalent to Cardiac Sciences, Oncology andTransplants.”
Supply: Live Mint