Maternity & Obstetrics-focused Ankura Hospitals in talks with PE firms for $100-M

Hyderabad-based Ankura Hospitals is in talks with several private equity investors, including General Atlantic, Goldman Sachs Private Equity, and Motilal Oswal Alternates, to raise USD 100 million. The company has engaged Alvarez & Marsal as an advisor to assist with the process. The proposed fundraise is expected to be a combination of primary and secondary share sales, which could allow existing shareholders, including angel investors and InvAscent, to execute partial or full exits.Founded in 2011 by Krishna Prasad Rao Vunnam and Srinidhi, Ankura Hospitals operates a network of healthcare centres specialising in paediatrics, neonatology, maternity, and gynaecology. The company intends to use the primary funds to strengthen its market presence and establish new facilities across India. The firm currently operates over 19 centers across five states and claims to have treated more than 1 lakh babies in its specialized intensive care units.