SME-focused private equity firm Ambit Pragma has invested in Vidal Healthcare Services, an Indian health and wellness solution provider.
Ambit Pragma is a small cap growth and buyout fund with approximately USD150 million under management.
Girish Rao, chairman and managing director, Vidal Health, says: “Vidal Health group provides superior integrated healthcare services and benefits administration to nation’s top corporates and insurance companies. Vidal is bringing new products and concepts to the Indian healthcare industry aimed at improving the delivery and consumption of health insurance and integrated care. The capital raise will enable us to strengthen our presence in existing markets and expand our business prospects further. We are looking forward to work with the experienced team of Ambit Pragma and deploy their experience to forge a winning partnership.”
Rajeev Agrawal, managing partner, Ambit Pragma, says: “Vidal is distinguished from its peers in the care management industry by its management team led by Girish. As healthcare industry gets organized across the value chain, institutional and consumer demand for management of care and payments will only escalate. Vidal is well positioned to address this opportunity in the coming years.”
