2013-06-11

Punjab-based Ivy Hospitals raise Rs 70 cr from Germany’s DEG PE fund

Europe-based global private equity fund has invested Rs 70 crores in Ivy Hospital. The fund known as DEG is a subsidiary of the second largest European Bank - KFW, which is owned by the Government of Germany. It is the 1st investment by DEG in any healthc

Punjab-based Ivy Hospitals raise Rs 70 cr from Germany’s DEG PE fund

Europe-based global private equity fund has invested Rs 70 crores in Ivy Hospital. The fund known as DEG is a subsidiary of the second largest European Bank - KFW, which is owned by the Government of Germany. It is the 1st investment by DEG in any healthcare company in India, a press release said.

Gurtej Singh, CEO of Ivy Hospitals at a press conference said, “With this investment Ivy will set up more hospitals in North India including Bathinda, Amritsar, Hoshiarpur, Simla, Karnal and embark on a multiphase expansion and will make treatment accessible at local level, though there are three operational hospitals at Mohali, Khanna and Nawanshahr. This is the highest seal of quality certification for hospitals in India and now with DEG investment, Ivy aims to take specialty care to the doorstep of patients by setting up hospitals in Tier 2 and Tier 3 cities of North India.”

The expansion is expected to create new jobs in health care. Ivy is committed to pay back to the society by providing free medical checkup camps, organizing awareness talks at different locations, arranging for free Consultation and medicine distribution camp to create awareness about health and wellness, the release added.

Related opportunities
  • Organic Products
    As a Company M/s. Bridges and Bonds was started by..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2022
    Investment size Rs. 5lakh - 10lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Opticians/Eye Wear
    YourSpex, founded by GKB Eyecare, has a twofold mission: to..
    Locations looking for expansion Uttar pradesh
    Establishment year 1950
    Franchising Launch Date 2023
    Investment size Rs. 20lakh - 30lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dadri Uttar pradesh
  • Gems And Stones
    Khanna Gems is a vertically integrated organization focused completely on..
    Locations looking for expansion Delhi
    Establishment year 1987
    Franchising Launch Date 2020
    Investment size Rs. 30lakh - 50lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • For 37 years “MARIAs Hair Dressing & Beauty Salon” has..
    Locations looking for expansion Maharashtra
    Establishment year 2022
    Franchising Launch Date 2023
    Investment size Rs. 20lakh - 30lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads