The Venture Intelligence Blog

An Indian Express article quotes Venture Intelligence data on Private Equity investments in Hospitals: Data sourced from Chennai-based research firm Venture Intelligence shows that a total $3.4 billion has been injected into hospitals by PE investors from 2007 till 2017. Notably, almost half of the investment during the period came via 10 transactions. Prior to the Fortis deal, the largest one was in early 2016, when Dubai-headquartered Abraaj Group bought controlling stake in Hyderabad-based CARE Hospitals for around $221 million. In two deals in 2015 and 2017, Manipal Health raised $321 million from TPG Capital and Temasek Holdings, respectively. Naresh Trehan-led Medanta Medicity, in two deals in 2013 and 2015, received $275 million from Carlyle Group and Temasek, respectively. Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Val...

From the profile in The Smart CEO : Today, Manipal Health Enterprise’s network encompasses 10 corporate hospitals with 1,600 beds and five teaching hospitals with 3,300 beds, across Andhra Pradesh, Karnataka, Tamil Nadu and Goa. The employee strength across these regions is over 6, 000 nurses, doctors and other administrative staff. The company recently raised private equity to the tune of US id="mce_marker"80 million from India Value Fund, with the intention of channelising this towards strategic expansion.  Over the next three years, the hospital expects to add around 3,000 beds to its network and triple its revenues from Rs. 700 crore to over Rs. 2,500 crore. ...Until today, the group’s expansion has been limited to Tier-II and Tier-III regions in South India, mainly because of acquisition and brown-field opportunities like unmet demand and rapid growth, which these markets offer. “Growth in India is going to take place in the Tier-II and Tier-III cities with an increas...

Business Today has a profile of Shivinder Mohan Singh of Fortis Healthcare The 33-year-old Managing Director of Fortis Healthcare is targeting a top line of a billion dollars by 2012 by creating a chain of 40 hospitals with 6,000 beds. At the end of last fiscal, Fortis had revenues of Rs 630 crore (roughly $130 million), 28 hospitals and 3,300 beds. He hopes to get there with an aggressive mix of organic growth, acquisitions and management contracts. Fortis is well-placed financially to pull off this growth gambit. After raising Rs 650 crore with an initial public offering in October 2006, Singh now has a Rs 1,000-crore rights issue on the anvil. ...Singh’s vision is to bring the Mayo Clinic or a John Hopkins experience to India. “For us a Mayo or a Hopkins Clinic stands for scale and super-specialty care,” says Singh, who is building an ambitious 1,000 bed hospital in Gurgaon, which will be India’s largest multi super specialty hospital. Arun Natarajan is the Founder & CEO of Ven...