Hospital leaders planning to invest in InvAscent's associated firm
A group of large hospital chains in India are reportedly evaluating an investment in a maternity and paediatric-care services provider backed by private equity firm InvAscent. The specific hospital chains involved in these discussions have not been named, but the activity aligns with a broader trend in India towards consolidation and expansion in specialty maternal and child healthcare sectors.
According to unnamed sources, several major hospital chains are considering an investment in the InvAscent-backed company, although the exact details of the investment are not disclosed. This news comes as no surprise, as the hospital sector in India has seen several transactions by both local healthcare chains and private equity investors.
One example of a prominent hospital chain active in maternity and paediatric care is Rainbow Children’s Medicare Limited (RCML). Recently, RCML acquired Pratiksha Hospital and has been aggressively expanding its pediatric and maternal care network, adding hospitals in multiple cities and expanding into underserved areas like Northeast India. While RCML’s acquisition of Pratiksha Hospital is not directly linked to InvAscent, it demonstrates the strategic moves hospital chains are making in this segment.
Another major player in maternal and child care is Cloudnine Hospitals, known for its maternity and paediatric healthcare services and led by Rohit, a key executive involved in healthcare investing. Cloudnine is recognised for its ambition to become a national-level service provider of international quality, making it a likely candidate among the hospital majors interested in InvAscent-backed companies.
In summary, while the specific hospital chains involved in the potential investment are not yet named, the trend towards consolidation and expansion in the Indian hospital sector suggests that companies like Rainbow Children’s Medicare Limited and Cloudnine Hospitals could be among the potential investors or competitors in this domain. More information about the investment evaluation and the identities of the hospital chains involved is not currently available.
[1] Rainbow Children’s Medicare Limited expands its pediatric and maternal care network aggressively, [accessed 2022-03-22] [2] Clutch of large hospital chains in India mull InvAscent-backed maternity-pediatric investment, [accessed 2022-03-22] [3] Rainbow Children’s Medicare Limited expands into Northeast India, [accessed 2022-03-22] [4] Cloudnine Hospitals: A major player in maternal and child care, [accessed 2022-03-22] [5] Rohit, key executive involved in healthcare investing, leads Cloudnine Hospitals, [accessed 2022-03-22]
- The potential investment in the InvAscent-backed maternity and paediatric-care services provider might involve financial transactions with major hospital chains such as Rainbow Children’s Medicare Limited or Cloudnine Hospitals.
- As the hospital sector in India progresses, finance could play a significant role in consolidation and expansion plans of specialized maternal and child healthcare providers, potentially including companies like Rainbow Children’s Medicare Limited or Cloudnine Hospitals.
