Liquidity Events
MGM Healthcare acquires Vizag’s SevenHills Hospital through CIRP
MGM Healthcare, a multi-specialty quaternary-care healthcare group based in Chennai, has acquired SevenHills Hospital , Visakhapatnam by participating in the Corporate Insolvency Resolution Process (CIRP) of SevenHills Healthcare.Founded in 1988, SevenHills offers tertiary care facilities to more than 100,000 patients every year. The hospital recorded a revenue of over INR 100 crore in FY24.Located at Waltair Main Road, the 11-floor facility has 2,00,000 sq. ft. of built-up area. The hospital has 300 beds and a team of over 100 doctors and 700 staff. SevenHills Hospital offers preventive and curative care across all major specialties including cardiac care, emergency and critical care, medical and gastroenterology, nephrology, urology, cosmetic care, neurology and neurosurgery, and organ transplantation.
Between May-08 and Dec-13, SevenHills Hospital had raised over USD 116 M from JP Morgan.
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