Sri Kauvery Medical Care (India) Limited (Kauvery Hospitals) Raises INR 1400MN
~ Outlines roadmap to 3000+ beds in
South India with a total capital outlay of INR 7,000 million over the next 4
years; Secures backing from LGT Lightstone Aspada
6th September 2019: With a plan to fuel the next phase of expansion,
Sri Kauvery Medical Care (India) Limited (Kauvery Hospitals) has raised
INR 1,400 million of equity from LGT Lightstone Aspada. The proceeds from this
round will be used to deepen Kauvery's presence in Tamil Nadu and expand its
footprint across South India.
Hospitals is excited to welcome LGT Lightstone Aspada as its new investor. We
are looking at adding 12-15 hospitals with an aggregate capacity of 3,000+ beds
to our network over the next 3-5 years with a major focus on South India. The
expected funds to be deployed for this proposed expansion will be around INR
7,000 million. This expansion will be done through a mix of strategic
partnerships, acquisitions and brownfield hospitals". said Dr. S. Chandrakumar,
Founder, Executive Chairman, Kauvery Hospitals.
S. Manivannan, Co-founder, Managing Director, Kauvery Hospitals
said that "We believe that the investment from LGT Lightstone Aspada is an
endorsement of Kauvery Hospital's success in creating a model delivering high
quality healthcare services at affordable prices to its patients across all
markets. Kauvery Hospitals will continue to drive growth with focus on
efficiency and patient care".
is one of our core themes of focus. Our investment in Kauvery is an important
milestone in our effort to contribute towards building an interconnected
healthcare system in India that improves overall health outcomes and
affordability. We are excited to partner with the team at Kauvery in their goal
of setting the benchmark for care-standards and affordability at scale in the
Indian hospital segment" said Kartik Srivatsa, Managing Partner LGT Lightstone
Veda Corporate Advisors, a
leading mid-market investment bank advised the Company on the transaction.
About Kauvery Hospitals
in 1999, Kauvery Hospital has established itself as a healthcare institution of
repute within a short span of time. With presence in 5 cities in Tamil Nadu
spanning Tier-1 and Tier-2 markets namely Trichy, Chennai, Salem, Hosur and
Kariakudi. Kauvery hospital group aims
to make healthcare affordable through an optimal capital plan, operational
efficiency & by leveraging technology. A patient centered approach and
adherence to international service standards has helped establish itself as an
ethical healthcare brand offering high quality services.
services primarily in the areas of Cardiology, Gastroenterology, Nephrology,
Neurosciences, Trauma, Critical care & oncology. The Group has several
clinical breakthroughs to its credit in the areas of organ transplantation,
complex heart surgeries, advanced neurosurgery, complex microvascular
surgeries, major vascular surgeries and joint replacements.
new benchmark in adoption of technology in healthcare space, Kauvery Hospital
has recently set up comprehensive and advanced neuro and spine treatment for
complex spine deformity correction surgeries.
About LGT Lightstone Aspada
Lightstone Aspada is the India focused impact investment platform of LGT
Lightstone, LGT Group's impact investing initiative to build a global multi-billion-dollar
direct investing platform focused on scalable businesses that provide access to
improved livelihoods, information and services for underserved consumers around
the world and/or promote sustainable resource utilization. LGT is a leading
international private banking and asset management group that has been fully
controlled by the Liechtenstein Princely Family for over 80 years. LGT employs
over 3500 people who work out of more than 20 locations in Europe, Asia, the
Americas and the Middle East. www.lgt.com