Manipal Hospitals has invested growth capital in Ankur Healthcare, a speciality Centre, focused in delivering comprehensive services in the areas of Reproductive Medicine -IVF, Andrology and Men’s Health, IIFL stated.
ET stated that Manipal invested R40 Cr for 51% stake in Ankur Healthcare.
As part of deal, Ankur Healthcare will be renamed Manipal Ankur Andrology and Reproductive Services, and will be led by Vasan S.S., the founder of Ankur Healthcare.
This investment also marks the beginning of Manipal Hospital’s foray into allied healthcare delivery formats in partnership with established players in specified clinical areas.
After picking up investees from the consumer facing internet startups, Ratan Tata, the Chairman Emeritus of Tata Sons, has now gone global and picked up a strategic stake in Chinese smart phone maker, Xiomi Corp.