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February 26, 2013

Deal Alert: Medfort Hospitals to raise $30-M through PE route

Medfort Hospitals, which specialises in eye care and diabetes care, is squaring up for its next round of private equity fund infusion. The chain led by Dr G S K Velu, is understood to be in talks to raise as much as $30 million through the PE route. Medfort has presence in New Delhi, Andhra Pradesh and Tamil Nadu and is looking to expand into a pan-India chain both organically and inorganically. 

Medfort Hospitals had earlier seen two rounds of private equity infusion from TVS Shriram Growth Fund and ePlanet Ventures. Dr Velu recently raised $100 million from Fidelity Partners for his medical equipment business — Trivitron Healthcare, which provided exit for ePlanet Ventures. 

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