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Asian Healthcare Fund (AHF) has invested in Wellspring Healthcare, which operates a chain of primary healthcare clinics under the brand name Healthspring Community Medical Centres.
A total investment of Rs 22 crore was made in this round, with AHF contributing a portion of that, along with existing investors, a Healthspring note said. This is the first tranche of a larger investment expected to close over the next few months, the note added.
The last round of investment in the company was Rs 20 crore, about two years ago, said Kaushik Sen, Chief Executive of Wellspring. The plan is to raise about Rs 50 crore in another six months, he told Business Line. At present, the network has seven clinics in Mumbai.
AHF is promoted by Dabur promoter-family’s Anand Burman and former Dabur employee, Ajay Kumar Vij, who is co-founder and Chief Executive of AHF.
Healthspring seeks to provide modern family medicine through a chain of community medical centres. These centres are staffed by doctors, and serve as a one-stop shop for patients with a pharmacy, diagnostics and routine minor procedures all under one roof. The centres also cater to almost all routine and chronic (diabetes, hypertension, asthma, allergies, etc) illnesses, the note added.
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