MUMBAI: Marengo Asia Healthcare, a healthcare platform founded by Samara Capital and the family offices of Havells and Godrej Groups, on Thursday said it is making investments. ₹450 crore in CIMS Hospital, Ahmedabad for an undisclosed stake.
Through this investment, marengo asia There are plans to forge new clinical partnerships, introduce latest medical and technological developments and bring global expertise to strengthen CIMS Hospital.
Established in 2010, by a team of cardiac doctors led by Dr. Keyur Parikh, CIMS Hospital has grown from a 125-bed facility to a 330-bed multi-super specialty hospital.
The association is the first investment for the Marengo Asia healthcare platform backed by Samara Capital, Havells Family Investment Office and Godrej Family Investment Office. As part of the deal, all-rounder doctors from Sims Hospital will also join Marengo Asia as investors.
Keyur Parikh, Founder and President, CIMS said, “CIMS Hospital is the No. 1 ranked hospital in Gujarat in terms of clinical excellence, and we are working with Marengo Asia to jointly increase the footprint of CIMS across India. Excited to join together.”
Indium Capital Advisors was the exclusive advisor to CIMS and its shareholders for this transaction. Strategy Law Partners and DSK Legal were the exclusive legal advisors to Marengo Asia Healthcare and CIMS Hospital and its shareholders, respectively.
Dr Rajeev Singhal, Founder Member and Managing Director, Marengo AsiaHealthcare, said, “Through our network of partnerships with globally renowned medical and academic institutions, we aim to further enhance the clinical strength of CIMS Hospital and departments such as Cardiac Sciences. We intend to introduce Center of Excellence in , oncology and transplant.”
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