Private Equity Fund Investments
Ahmedabad's CIMS Hospital raises Rs.450-Cr from Marengo Asia Healthcare
In its first investment, Marengo Asia Healthcare - a healthcare platform set up by Samara Capital and the family offices of Havells and Godrej groups - is investing INR 450 crore in Ahmedabad-based CIMS Hospital. Established in 2010 by a team of cardiac doctors led by Dr Keyur Parikh, CIMS Hospital has grown from a 125-bed facility to a 330-bed multi-super specialty hospital. The deal will bring CIMS new clinical partnerships, introduce medical and technological advances and global expertise. The doctors of CIMS Hospital will also be joining Marengo as investors. Indium Capital was the exclusive advisor to CIMS and its shareholders for this transaction. Stratage Law Partners and DSK Legal were the exclusive legal advisors to Marengo Asia Healthcare and CIMS Hospital respectively.
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