| Log in

Milestone Religare Puts Rs 60Cr In Hyderabad Hospital

30 November, 2009

Milestone Religare Investment Advisors has invested Rs 60 crore in Hyderabad-based Krishna Institute of Medical Sciences Limited (KIMS).  The hospital offers multispecialty treatment in cardiology, orthopedics, urology, nephrology, dermatology, gynecology with a 300 capacity. The PE funding will be used by KIMS to expand the capacity to 850 beds and offering additional specialties like oncology treatment, liver transplant amongst others over the next 12-18 months. Ernst & Young acted as the sole advisor to KIMS on this transaction.

“There is an immense potential for investments in this sector as increasingly more and more people are getting covered under the health insurance” said Rajesh Singhal, Managing Partner at Milestone Religare.

The investment has been made from India Build-Out Fund 1, a Rs 600 crore private equity fund backed by Religare Enterprises and Milestone Capital. The investment follows the PE firm investment of Rs 25 crore in test preparation firm IMS Learning Resources Pvt Ltd.


Leave Your Comment
Milestone Religare Ropes In Srinivas Baratam and Anant Kulkarni

Milestone Religare Ropes In Srinivas Baratam and Anant Kulkarni

TEAM VCC 6 years ago
After two top-level management exits recently, Milestone Religare Investment...
Milestone Religare To Expand Focus With $200M Offshore Fund

Milestone Religare To Expand Focus With $200M Offshore Fund

Reghu Balakrishnan 7 years ago
Milestone Religare Investment Advisors Pvt. Ltd., the private equity joint...
KIMS Eyes Rs 100Cr Second Round Of PE Funding

KIMS Eyes Rs 100Cr Second Round Of PE Funding

Reghu Balakrishnan 7 years ago
Hyderabad-based hospital Krishna Institute of Medical Sciences (KIMS) is eyeing...
No Comments

Milestone Religare Puts Rs 60Cr In Hyderabad Hospital

Powered by WordPress.com VIP