CDC, Manipal company ink healthcare partnership in India

 20-Feb-17, The Economic Times

CDC Group, the development finance institution owned by the UK government, and Manipal Education & Medical Group (MEMG) have tied up to launch a INR500 crore (USD75 mn) corpus to invest in healthcare services beyond conventional hospital services.

Image: CDC Group

This partnership will invest in innovative opportunities in India, Africa and South Asia. The platform will target 'out-of-hospital' care services companies, like diagnostics and home-care services.

"Increasingly the customer would prefer availing such services closer to home. (The selected teams) would typically be companies which have established a good reputation for providing high quality service in a region or have a unique product-service offering," said Ranjan Pai, CEO of MEMG. "Ideally, we will prefer to provide individual investment above USD10 mn per transaction."

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