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PE firm InvAscent backs multi-speciality hospital chain SRV Hospitals

VCCircle

VCCircle · 3m ago

PE firm InvAscent backs multi-speciality hospital chain SRV Hospitals

InvAscent, a healthcare-focused private equity firm, invested Rs 140 crore in SRV Hospitals, a Mumbai-based multi-speciality hospital chain. This is InvAscent's fifth investment from its fourth fund, following a January deal with Geri Care. The funding aims to support SRV's organic and inorganic growth. InvAscent's fourth fund, targeting $325 million, has also invested in Mavia Pharma and Fleming Laboratories. SRV Hospitals operates over 500 beds across India.

Related News

PE hospital buyouts, pharma M&As in healthcare highlights of the year

VCCircle

VCCircle · 1y ago

PE hospital buyouts, pharma M&As in healthcare highlights of the year

In 2023, the most noteworthy trend in the Indian healthcare industry was the acquisition and investment of multi-speciality or single-speciality hospitals by global private equity firms and Indian companies such as Manipal Hospitals and Max Hospital. This surge in hospital buyouts reflects the increasing demand for private healthcare services following the Covid-19 pandemic.

InvAscent set to ramp up portfolio with new hospital deal

VCCircle

VCCircle · 5m ago

InvAscent set to ramp up portfolio with new hospital deal

India-based private equity firm InvAscent plans to invest in a multi-speciality hospital chain, marking its second deal of the month. Known for focusing on healthcare, InvAscent is currently raising its fourth investment fund. Last year, the firm executed three deals from this fund, signifying its active engagement in bolstering healthcare services through strategic investments in India. These moves illustrate InvAscent's ongoing commitment to expanding its portfolio within the healthcare sector.

North India healthcare chain Park Hospitals kickstarts IPO plan, appoints bankers

VCCircle

VCCircle · 5m ago

North India healthcare chain Park Hospitals kickstarts IPO plan, appoints bankers

Park Medi World Pvt. Ltd, a multi-speciality hospital chain in North India, has initiated plans for an initial public offering (IPO) with the aim to list on stock exchanges this year. The company, headquartered in New Delhi and operating 12 hospitals under the Park Hospitals brand, has appointed bankers to facilitate the IPO process. Details on the offering size and timeline remain undisclosed as the plans are still underway.

InvAscent joins race to buy stake in PE-backed hospital chain

VCCircle

VCCircle · 12m ago

InvAscent joins race to buy stake in PE-backed hospital chain

Private equity firm InvAscent is vying to purchase a stake in a hospital chain, joining other institutional investors in the race. The healthcare-focused firm has already made three investments this year and is currently engaged in preliminary discussions for the potential acquisition. Further details were not disclosed.

ChrysCapital to bet big on branded healthcare in India, says MD Raghav Ramdev

Livemint

Livemint · 1y ago

ChrysCapital to bet big on branded healthcare in India, says MD Raghav Ramdev

Private-equity firm ChrysCapital is planning to increase its investments in the healthcare sector in India, according to Managing Director Raghav Ramdev. While specific investment figures were not disclosed, the company sees branded healthcare gaining prominence among Indians and aims to target healthcare delivery and services. ChrysCapital recently made its first private healthcare investment by injecting $100 million into eyecare chain Centre For Sight. The firm also plans to evaluate deals in single-speciality and multi-speciality hospital chains, as well as diagnostics, medical devices, and contract development and manufacturing organisations (CDMOs).

Morgan Stanley PE emerges frontrunner to bet on urology chain

VCCircle

VCCircle · 1y ago

Morgan Stanley PE emerges frontrunner to bet on urology chain

Morgan Stanley Private Equity Asia is reportedly a leading contender to invest in an Indian healthcare company specializing in urology and laparoscopy hospitals. The private equity firm has partnered with healthcare-focused PE firm InvAscent for the potential investment.

InvAscent-backed Sharp Sight draws interest from PE investors, healthcare firms

VCCircle

VCCircle · 5m ago

InvAscent-backed Sharp Sight draws interest from PE investors, healthcare firms

Indian eye-care chain Sharp Sight Group of Eye Hospitals has attracted interest from both global and domestic private equity firms, as well as local strategic suitors. This comes as its current investor, InvAscent, a healthcare-focused private equity firm, considers potential investments. At least two sources confirmed the increased interest, reflecting the ongoing attractiveness of the healthcare sector. The development is significant for Sharp Sight as it looks to expand and enhance its services.

PE firm InvAscent keen to list five portfolio companies

Livemint

Livemint · 1y ago

PE firm InvAscent keen to list five portfolio companies

Private equity firm InvAscent plans to list five of its portfolio companies in the healthcare and pharmaceutical sectors over the next 24-36 months. The portfolio firms include Symbiotec Pharmalab, Malladi Drugs, Ankura Hospital, Accumax Lab Devices, and MediBuddy. This move will provide exit opportunities for the investor and reflects a strategic shift in their approach. InvAscent has invested in these firms through India Life Sciences Fund III and aims for them to have scaled to ₹150 crore in Ebitda before listing. The firm has previously exited through sales to larger private equity firms or companies.

InvAscent leads $13 Mn round in Geri Care Health Services

Entrackr

Entrackr · 6m ago

InvAscent leads $13 Mn round in Geri Care Health Services

Snippets InvAscent leads $13 Mn round in Geri Care Health Services The fresh funds will be utilized to expand its services across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore, Geri Care said in a press release. Geri Care Health Services, an integrated senior citizen-focused healthcare services provider, has raised Rs 110 crore ($13 million) in a funding round led by InvAscent, investing through its India Life Sciences Fund IV (ILSF IV) for a minority stake in the company in its first institutional fundraise. Founded in 2018 by Lakshmipathy Ramesh, Geri Care offers a comprehensive 360-degree continuum care model for senior citizens, with a network of multi-specialty hospitals, assisted living centers, home care, and clinics exclusively for senior citizens. According to the Chennai-based company, it is also introducing first-of-its-kind specialty centers of excellence in geriatric oncology, geriatric urology, geriatric cardiology, and ortho-geriatrics through its chain of multi-specialty hospitals exclusively for elders. Geri Care claims to serve tens of thousands of elders in South India, particularly in Chennai. InvAscent is a life sciences private equity firm managing an AUM of over $800 million, with investments in over 35 companies across the pharma, healthcare delivery, medical devices, animal health, nutraceuticals, and healthtech industries.

General Atlantic set to buy Ujala Cygnus; Endiya Partners plans third fund

VCCircle

VCCircle · 1y ago

General Atlantic set to buy Ujala Cygnus; Endiya Partners plans third fund

Private equity firm General Atlantic is reportedly in talks to acquire a 70% stake in Ujala Cygnus Healthcare Services, a Delhi-based multi-specialty hospital chain. The deal, if finalized, could value the hospital chain at around Rs 1,600 crore. Meanwhile, venture capital firm Endiya Partners is planning to launch its third fund.

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