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The Indian arm of British healthcare company Bourn Hall International has decided to invest $100 million to expand its fertility clinics across the country.
The wholly-owned subsidiary of the British firm is now operating two fertility clinics — Kochi and Gurgaon.
Gaurav Malhotra, MD and CEO of Bourn Hall International India Pvt Ltd (BHIIPL), told Business Line the company in a hub-and-spoke model would add around 10 such core clinics in different regions and four satellite clinics around the hubs to form a chain in India. “It’s estimated that there are around 30 million infertile couples in the country, creating a significant demand for in-vitro fertilisation (IVF) clinics”.
TVM Capital MENA (TVMCM), a healthcare-focused private equity, which is majority owner (70 per cent) of Bourn Hall International, would make the investment through a new fund for the expansion project in India within the next six months, Malhotra said.
BHIIPL is a Cyprus-incorporated firm operating in India aiming only on the IVF segment of the health sector.
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