Navigation Links
IDFC Private Equity Invests Rs 90 Crore In Manipal Health Systems

Marking its first major investment into country's booming healthcare market, infrastructure investor IDFC today said it has placed a private equity placement of Rs 90 crore in Bangalore-based Manipal Health Systems // , acquiring a minority stake in the firm.

The investment was made by IDFC Private Equity Fund II, a fund managed by IDFC Private Equity.

"We have acquired a minority stake in the firm and we will be part of it for a period of five years. We will also have an option to exit from this investment as the firm plans to go public," IDFC president & CEO Luis Miranda told PTI here.

Manipal Health Systems currently manages three tertiary care hospitals, eight secondary care hospitals and nine primary care centres in South India, including Bangalore-based Manipal Hospital.

The Company aims to grow organic as well as inorganic way, which will get a boost after this investment.

Manipal Health Systems is promoted by the Manipal Education and Medical Group (MEMG). The group operates an extensive network of healthcare and educational institutions in South India.

"This investment will help us reach our growth plans even faster. We are expanding beyond the south and are looking at setting up facilities in centres like Delhi and Mumbai," Manipal Health Systems CEO R Basil said.

Source:PTI News
'"/>




Page: 1

Related medicine news :

1. AIDS Patients Deceived By Private Health Care System In China
2. Copeman Healthcare To Establish Private Clinics
3. Court Orders Private Hospitals To Provide Free Treatment For The Poor
4. Blair Welcomes 11 Private Healthcare Providers into NHS
5. Private Health Care in Canada May Not Be A Distant Dream
6. East London Receives World Class New Private Hospital Facility
7. Private Medical Insurers Rise To Women’s Requirement of ‘Hercepti’
8. Private Public Partnership To Tackle TB, In Karnataka
9. MoH Considering Hiking Fees, Private Institutes Are Worried
10. Controversy over Fees Structure in Private Medical Colleges
11. Controversy Over The Fee Structure In Private Medical Colleges Surfaces Yet Again
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson has ... he has implemented orthobiologic procedures as a method for treating his patients. The ... first doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons use ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published ... unfamiliar with. The article goes on to state that individuals are now more comfortable ... less common operations such as calf and cheek reduction. The Los Angeles area medical ...
(Date:6/24/2016)... ... ... a crisis. Her son James, eight, was out of control. Prone to extreme mood shifts ... upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a knife ... and say he was going to kill them. If we were driving on the ...
(Date:6/24/2016)... ... 24, 2016 , ... Dr. Amanda Cheng, an orthodontist ... has extensive experience with all areas of orthodontics, including robotic Suresmile technology, ... , Micro-osteoperforation is a revolutionary adjunct to orthodontic treatment. It can be used ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their pencils ... an essay contest in which patients and their families pay tribute to a genetic ... 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 23, 2016 Any dentist who has made an ... current process. Many of them do not even offer this ... and high laboratory costs involved. And those who ARE able ... such a high cost that the majority of today,s patients ... Parsa Zadeh , founder of Dental Evolutions Inc. and ...
(Date:6/23/2016)... , June 23, 2016  In a startling report released ... failing their residents by lacking a comprehensive, proven plan to eliminate ... a definitive ranking of how states are tackling the worst drug ... only four states – Kentucky , ... Vermont . Of the 28 failing states, three – ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... Market Analysis 2016 - Forecast to 2022" report to ... report contains up to date financial data derived from varied ... major trends with potential impact on the market during the ... segmentation which comprises of sub markets, regional and country level ...
Breaking Medicine Technology: