• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore , July 13

Cancer care player HealthCare Global Enterprises Ltd has got Rs 50 crore funding from IDFC Private Equity.

The investment will finance part of its Rs 150-crore expansion plan over three years, including starting 13 satellite centres across the country to provide cancer diagnosis and treatment under the `Curie' brand name, according to promoters of the Bangalore-based HCG, Dr Ajai Kumar and Mr `Gans' Ganapati. The remaining amount would be from debt and internal accruals, they told a news conference.

For IDFC Private Equity, this would be the second investment in healthcare funding, said its President & CEO, Mr Luis Miranda. Primarily operating in infrastructure projects, it recently announced Rs 90 crore investment in Manipal Health Systems.

The plan was to have select hospitals outsource oncology care to HCG within their premises as well as start standalone centres in smaller cities and towns, Mr Ganapati, Executive Director, said.

The HCG network would have one of its four hospitals, the 105-bed Bangalore Institute of Oncology, as its southern hub and another unnamed centre in Delhi for the North. BIO would get 75 more beds, scanners and equipment in a Rs 65-crore expansion spread over two phases, Dr Ajai Kumar, HCG Chairman, and Mr Ganapati said.

HCG, led by physicians, owns and runs BIO, the Curie Centre of Oncology at St Johns Hospital, Bangalore, has centres in Mysore and Shimoga and added one in Erode recently.

It has acquired contract research organisation Triesta Sciences, which would be strengthened with biomarker research and reference laboratory.

More Stories on : Health | Medical Institutions & Hospitals | Venture Capital

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Young Indians South meet in Coimbatore

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line