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June 18, 2013

Deal Alert: Asian Healthcare Fund invests Rs 22-Cr in Wellspring Healthcare

Asian Healthcare Fund (AHF), along with existing investors, has invested Rs. 22 crore in Wellspring Healthcare, which operates a chain of primary healthcare clinics under the brand name Healthspring Community Medical Centres. Wellspring Healthcare plans to raise about Rs 50 crore over the next six months.

Wellspring, which has a network of seven clinics in Mumbai, seeks to provide modern family medicine through a chain of community medical centres. These centres serve as a one-stop shop for patients with a pharmacy, diagnostics and routine minor procedures all under one roof.

From the Venture Intelligence PE Deal database: In June 2011 Reliance Venture, Catamaran Ventures and BlueCross BlueShield Venture Partners had invested $5 million in Wellspring Healthcare.

Source: Business Line

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