Ambit Pragma bought founder’s stake in Beams Hospitals; firm eyes fresh funding | VCCircle
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Ambit Pragma bought founder’s stake in Beams Hospitals; firm eyes fresh funding 

BY  Lohit Jagwani
Beams Hospitals plans to add three more hospitals in two years for which it will invest around $10 million.

Mumbai-based PE player Ambit Pragma, which picked up a majority stake in Beams Hospitals Pvt Ltd in 2009, has acquired founder Dr Rakesh Sinha’s holding to complete the buyout. The small healthcare firm is now eyeing fresh capital infusion to finance its organic expansion plan, a top company executive told VCCircle.

Beams Hospitals was founded by Sinha with a single hospital in Mumbai in 1995. In 2009, Ambit Pragma invested $10 million in the company to pick up close to 90 per cent stake....

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