@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.
Along with the merger of Shasun Pharmaceutical with itself, Strides Arcolab also announced the induction of a strategic partner in its greenfield biotech project, Stelis Biopharma. As per the deal GMS Holding will pick up 25.1%s stake in the biotech arm infusing $8.5Mn.
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