The mid-market investment company called SeaLink Capital Partners has invested Rs 200 crore in a women and children healthcare firm known as Surya Children’s Medicare Pvt. Ltd.
The transaction included an investment of growth capital into Surya and a purchase of the stake held by the company’s first external healthcare investor OrbiMed.
A few months ago, in April it was reported that SeaLink was in advanced stage of investing in Surya Medicare. On the other hand, Surya had also raised Rs 54 crore from OrbiMed against the sale of a minority stake in September 2013.
In our country, there is a considerable undersupply of paediatric hospital beds and other medicare facilities. And the need for both preventive and curative paediatric care is a necessary thing.
Heramb R Hajarnavis, managing partner of SeaLink said, “There is a significant shortfall in availability of paediatric healthcare services and infrastructure in India and addressing it is an extremely urgent issue.”
SeaLink Capital Partners is privately owned equity firm which has developed its specialization in growth capital. The firm invests in small and medium-sized companies in middle market. However, it generally prefers to make the investment in Healthcare and Pharmaceuticals, Financial Services, Information Technology and Information Technology Enabled Services, Consumer and Retail, Business Services and Niche Manufacturing in India.
Whereas, Surya Children’s Medicare Pvt. Ltd is a Mumbai-based healthcare firm that runs paediatric hospitals. The motive of the company is to provide neonatal intensive care and pediatric health care services for children and women. It operates in four cities as of now namely Mumbai, Pune, Thane and Jaipur, and has plans to expand further in a few years.
The need for Medicare facilities in India is quite high and thus, Surya Medicare has taken a good step in the development and expansion of its services and also improve the medical facilities for children and women in its existing centers.