Sector: Hospital and nursing home
SIC Code: 80690000 SPECIALTY HOSPITALS, EXCEPT PSYCHIATRIC
Country of Origin: India |
Target Areas: Worldwide
A renowned healthcare company in India (Company) is seeking investment of USD 38.1 Million. The Company aims at issuing initial public offer in 2022.
The Company is a holding company for 7 multi super speciality hospitals with 1 nursing home across Delhi, NCR and Haryana regions in India.
It is a 1,500 bedded group of hospitals with accreditation from National Accreditation Board for Hospitals and Healthcare Providers (NABH).
It is specialised in oncology, cardio and neurology sectors.
It has also generated revenue of approximately USD 31.6 Million in 2018.
In India, there is a rise in the incidence of hypertension, obesity related diseases, diabetics, cardiovascular diseases, lifestyle centric diseases, etc. and thus, increase in healthcare expenditure.
But the number of hospitals, beds, and supply of other medical facilities is lesser than the demand for healthcare in India.
Thus, there is a growing need for better healthcare facilities in India.
Therefore, the Company would use the investment to expand its healthcare business in India, setup/acquire hospitals, increase the number of beds, etc.
A few of its peer companies including Care Hospitals has received approximately USD 221 Million in 2016, Apollo Health & Lifestyle has received approximately USD 68 Million in 2016.
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