Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 28 2018

Hyderabad-based KIMS Hospitals gets $130 mn fund from General Atlantic

The investment is a combination of primary capital and secondary purchases to acquire a significant minority stake in the company.

Hyderabad-based KIMS Hospitals gets $130 mn fund from General Atlantic

Hyderabad-based Krishna Institute of Medical Sciences (KIMS Hospitals) has received an investment fund of over $130 million from Global growth equity firm General Atlantic. The investment is a combination of primary capital and secondary purchases to acquire a significant minority stake in the company.

Set up in 2004 by Bhaskar Rao, a renowned cardiothoracic surgeon, Hyderabad-based KIMS Hospitals now has seven multi-speciality hospitals across the region and a capacity of over 2,500 beds.

“Given General Atlantic’s deep experience of investing in healthcare globally and its network of relationships across leading global healthcare institutions, we are confident that his new association will help KIMS Hospitals,” Bhaskar Rao, MD and CEO of KIMS Hospitals, said in a release issued here on Wednesday.

According to Sandeep Naik, Managing Director and Head of India and the Asia-Pacific at General Atlantic, the combination of an acute shortage in quality healthcare infrastructure and a strong focus from the government to make quality healthcare more accessible are driving growth for corporate hospital networks.

“We believe KIMS Hospitals is uniquely positioned to benefit from these trends,” he said. General Atlantic has been active in India since 1999 and has invested over $2 billion in the India and Asia-Pacific regions as of December 31, 2017.

General Atlantic focuses on investments across four sectors, including healthcare, technology, consumer, and financial services, with support from the firm’s global team of sector and operational experts. Its portfolio of current investments in India includes Absolute Barbeque, Billdesk, Capital Foods, CitiusTech, House of Anita Dongre, IIFL Wealth, Mu Sigma, National Stock Exchange and PNB Housing Finance.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Food Service
    About Us: House Of Candy is a pop-up store in retail..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Sports Equipment Stores
    About Us: Playmart India Pvt. Ltd. is India's exclusive, multi-brand online marketplace..
    Locations looking for expansion Chandigarh
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 500 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater chandigarh Chandigarh
  • Kitchen
    About Us: Wonderchef is a leading brand of Kitchenware founded in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Delhi
  • About Us: Namma Theneer Kadai is an established tea house, which..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities