News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Tuesday, October 18, 2011 10:34:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 2620 Times
Alliance Medicorp to raise Rs.60 Crore from PE investors
Alliance Medicorp, a joint venture between Apollo Hospitals and Chennai-based medical technology company Trivitron Healthcare Pvt Ltd, is planning to raise around Rs 60 crore from private equity (PE) investors to fund its expansion plans.

Post-dilution, Apollo Hospitals would have around 51 per cent stake, Trivitron Healthcare would hold around 30-35 per cent stake and the rest would be with the investors.

Trivitron Healthcare, which is into manufacturing of medical technology products including imaging products, has recently announced a strategic investment in Mumbai-based Kiran Medical Systems Ltd, which manufactures image enhancement accessories and radiation protection products. The move is aimed at strengthening its operations in the medical imaging segment.

The strategic investment is a combination of cash and stock swap, and the agreement includes options for Trivitron to increase its shareholding over the next few years.

The total capital base of Rs 100 crore will be utilised for Medforts expansion plan for the next two years. Diabetes and eye-care centres will come up in Andhra Pradesh, Punjab, Haryana, Maharashtra, Tamil Nadu, and Karnataka. Medfort is also setting up a centre in Ras Al Khaimah, UAE.

Plans are also on to expand into Africa, South Asia and South East Asia.

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Peerless Hospital to invest Rs. 300 cr for expansion.
Siddha hospital to get new OPD building.
Punarnava Ayurveda Hospital inks MoU with Saudi firm.
KIIFB sanctions ₹379 crore for cancer centre.
₹ 1.68 crore sanctioned for AYUSH hospital.
15 acres for Basavatarakam Cancer institute at Amaravati.
Taloja industries to set up animal hospital
Panchakarma hospital project to be revived.
MCH work to be over only by 2020.
Tenders for superspecialty block at GH.
RELATED PROJECTS & TENDERS
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback