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.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.