News
Sabine Hospitals gets $50 M PE funding led by CX Partners
IMT News Desk
3 months ago
Sabine Hospitals gets $50 M PE funding led by CX Partners
IMT News Desk
3 months ago
The company sees potential in further expanding Sabine Hospitals to adjacent markets
Sabine Hospital and Research Centre has secured $50 million in funding from CX Partners – a private equity fund in the Indian mid-market with a long track record of delivering returns through cycles and a consortium of investors.
Dr Sivadasan Sabine, Founder and Chairman, Sabine Hospital & Research Centre said, "CX partners and the consortium of investors share our vision of making high-end fertility, birthing and neonatal care affordable and accessible to the most remote towns of India. The investment of $50 million validates our strong clinical fundamentals and business practices and also recognises the immense need for better fertility, mother and childcare in India. We are now all set to embark on the next phase of growth with renewed passion.”
Vivek Chhachhi, Managing Partner, CX Partners said, “Sabine Hospital and Research Centre provides accessible healthcare at affordable costs. Their world-class fertility treatments cater to the growing medical needs of people. While upholding the utmost ethical standards and clinical excellence, the organisation has demonstrated remarkable growth, with a CAGR of 25 per cent over the last three years. We see the potential in further expanding Sabine Hospitals to adjacent markets, drawing upon our experience investing in healthcare, attracting high-quality professional leadership, and putting in place systems to manage growth."
Singapore-based Tanas Capital, a growth stage private equity firm, is part of the investor consortium. Sharing his thoughts, A Amit Sharma, MD, Tanas Capital said, “We are pleased to partner with CX and Sabine Hospital and Research Centre to aid the strategic imperatives of this franchise. The focussed and nuanced approach of Sabine Hospital is a clear differentiator and is certainly well positioned for the next phase of growth.”
Sabine Hospital and Research Centre was incorporated in 2016 as a single facility near Kochi. Now it operates 300 beds including 60 NICU beds across two facilities in Kerala.
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