Date:28/09/11,
Private Equity,
Cross Border Deal, Announced,
Dubai based Healthcare Group - DM Healthcare may raise upto $150 million from Olympus Capital and existing investor India Value Fund for expanding operations in India.
DM Healthcare is setting up a INR 1500 Cr hospital in Kochi, it is also setting up a medical college and a 750 bed hospital at Wayanand. Apart from these greenfield projects, it is also expanding through acquisition. The company has finalised deals in Kolhapur and Pune. It has launched ‘Aster-Eye Care' centre in Faridabad and plans to open 20 centres across the country by 2015.
DM Healthcare is headed by Dubai based Indian entrepreneur - Azad Moopen and former CEO of Hinduja Healthcare, Anupam Verma. Dr. Moopen made his entry in India by setting up a 600-bed tertiary care Malabar Institute of Medical Sciences (MIMS) Hospital at Kozhikode in 2001 and later established 150-bed MIMS Hospital at Kottakkal in Malappuram in association with NRIs.
DM Healthcare is setting up a INR 1500 Cr hospital in Kochi, it is also setting up a medical college and a 750 bed hospital at Wayanand. Apart from these greenfield projects, it is also expanding through acquisition. The company has finalised deals in Kolhapur and Pune. It has launched ‘Aster-Eye Care' centre in Faridabad and plans to open 20 centres across the country by 2015.
DM Healthcare is headed by Dubai based Indian entrepreneur - Azad Moopen and former CEO of Hinduja Healthcare, Anupam Verma. Dr. Moopen made his entry in India by setting up a 600-bed tertiary care Malabar Institute of Medical Sciences (MIMS) Hospital at Kozhikode in 2001 and later established 150-bed MIMS Hospital at Kottakkal in Malappuram in association with NRIs.
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