KIMS Raises R170Cr From OrbiMed, Ascent Capital
Kerala Institute of Medical Sciences (KIMS) is raising uptoR170Cr from OrbiMed and Ascent Capital.
The funds raised through the fresh issue of shares will be used for expanding for operations.
Founded in 2002, Thiruvananthapuram based – Kerala Institute of Medical Sciences is 750-bed multi-disciplinary hospital. It is initiated by KIMS Healthcare Management Ltd.
It provides health check programmes, emergency services, and specialized clinics. KIMS has presence is some of the gulf countries including Oman, Bahrain, Qatar and Saudi Arabia.
Orbimed is a healthcare dedicated investment firm, with more than $5 Bn in AUM. Orbimed supports its portfolio companies in achieving strategic financial and operational objectives via participation at the board level.
Ascent Capital - founded by Raja Kumar manages three funds - ITVUS (Fund I), Ascent India Fund II and Ascent India Fund III of which first two funds are fully invested in 40 companies and third fund was closed in Dec 2009. It also has an association with UTI Ventures.
Recently, Dubai based healthcare group - DM Healthcare raised R500Cr from Olympus Capital. The funds will be used by DM Healthcare to set up hospitals in India.
Last year, a number of hospital chains managed to raise PE funding. Vaatsalya Healthcare, which provides affordable healthcare in semi-urban and rural India raised $10Mn from Singapore-based Aquarius India Fund and existing investor Seedfund.
Glocal Healthcare System, a lowcost hospital chain, raised its first round of investment of $3.36Mn from Elevar Equity and Sequoia Capital, while Aureos Capital India put in $10Mn in Central India-based BSR Super Speciality Hospitals
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 25/01/12 | KIMS Healthcare Management - Kerala Institute of Medical - OrbiMed, Ascent Capital | Private Equity | Ascent Capital | 33.96 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 07/02/12 | Private Equity | IDFC Private Equity | Sahyadri Hospitals Limited | 61.17 | Planned |
| 06/02/12 | M&A | Nova Medical Centers Private Limited | Helios Hospitals Private Limited | - | Completed |
| 01/02/12 | M&A | Fortis Healthcare Limited | RadLink-Asia Pte Ltd | 63.51 | Completed |
| 01/02/12 | Private Equity | Looking For | Perfint Healthcare Private Limited | 20.34 | Planned |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| OrbiMed Advisors LLC | 5000 | Pharma Healthcare |
http://www.orbimed.com/ | Rajesh DalalSwati BansalVikram PopliThomas J SchuetzNancy ChangSunny SharmaSamuel P WertheimerRobert GlassmanRishi GuptaSamuel D IsalySven H BorhoCarl L GordonMichael B ShefferyJonathan T SilversteinW Carter NeildGeoffrey C HsuMona AshiyaChau Q KhuongDavid Bonita |
| Ascent Capital | Infrastructure Retail Healthcare Education Transport & Logistics |
www.ascentcapital.in | Raj R KondurAbhishek LoonkerDeepak GowdaJayashree SudharsanamLakshmi Pattabi RamanTeresa MathewA.P.Vasantha Kumarvasanth @ascentcapital.inRaja KumarAjay MittalSubhasis MajumderSunil K. KolangaraU K SinhaVasanthakumar Ayyavu Palanichamy | |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| KIMS Healthcare Management Limited | C H A Raheem M I Sahadulla |
P.B.No.1, Anayara P.O | www.kimskerala.com | |
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