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Sri Kauvery Medical Care Amasses INR 140 Crore in Equity

Sri Kauvery Medical Care Pvt. Ltd has amassed INR 140 crore in equity from impact investment company, LGT Lightstone Aspada.
BY BEx Bureau
BusinessEx
Sep 07, 2019

Sri Kauvery Medical Care Pvt. Ltd has amassed INR 140 crore in equity from impact investment company, LGT Lightstone Aspada, according to a media report.

The company will use the funds for expansion in Tamil Nadu and other South Indian regions, VC Circle reported citing Kauverys statement.

The company plans to expand through a mix of strategic partnerships, acquisitions and brownfield hospitals, Founder and Executive Chairman at Kauvery Hospital, S. Chandrakumar told the daily news.

The company believe that the investment from LGT Lightstone Aspada is an endorsement of Kauvery Hospitals success in creating a model for delivering high quality healthcare services at affordable prices to its patients across all markets, Co-founder and Managing Director at Kauvery Hospitals, S. Manivanna told the daily news.

Kauvery Hospitals will continue to drive growth with focus on efficiency and patient care, Manivanna said.

It plans to add more twelve to fifteen hospitals with a capacity of over 3,000 beds in the coming three to five years. It will use nearly INR 700 crore for its business expansion.

The hospital chain, which was incorporated in 1999, has its presence in several cities in Tamil Nadu such as Hosur, Kariakudi, Salem, Chennai and Trichy.

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