Omega Hospital plans to raise up to 600 crore

Date:



NEW DELHI: Hyderabad-based Omega Hospital, specialised in oncology, is planning to offload 10-15% fairness, in a deal valued round Rs 500-600 crore. Morgan Stanley Private Equity has emerged among the many high bidders to decide up the minority stake within the hospital, sources informed TOI.
Over the final couple of years, the hospital sector has been red-hot, attracting a surge of traders and culminating in multi-million buyouts headlining giant chains similar to Manipal and Max.Others within the fray embrace non-public fairness corporations, together with, ChrysCapital, Multiples, Quadria Capital and Kedaara Capital, an individual shut to the event mentioned.
Post Covid, there was a large improve in demand for non-public healthcare. And an increase in ageing inhabitants, improve in way of life illnesses and better incomes, have elevated investor urge for food.
Omega hospital was based in 2010 by oncologist Dr Mohana Vamsy together with a gaggle of physicians. At current, Vamsy plans to offload fairness to fund future enlargement of the hospital, the supply mentioned. It was set up with the target to create a super-speciality hospital with emphasis on superior therapy for most cancers. According to its web site, it has expanded to centres together with Guntur, Kurnool and Vizag.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Court sends Arvind Kejriwal’s aide Bibhav Kumar to 3-day police custody until…

A courtroom right here on Tuesday granted three...

Submit just 3 documents on company portal to energise your connection in 7 days : Tata Power

(*3*)MUMBAI: Tata Power has launched a completely digitalised...

PM Modi Live Updates Narendra Modi Exclusive Interview Live Highlights Lok Sabha Election 2024 ABP News

एबीपी न्यूज़ के इस धमाकेदार इंटरव्यू में प्रधानमंत्री...

Hiranandani Upscale School Hosts ‘The Biennale’

From fascinating dance performances to enchanting folks songs,...