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Aureos completes USD10m investment in India healthcare group

Funds managed by Aureos Capital have completed a USD10m investment in BSR Super Speciality Hospitals, an Indian healthcare group.

Aureos Capital is a private equity fund management company specialising in investing in small and medium sized businesses in emerging markets.

BSR currently owns and operates six diagnostic centres and two major hospitals across five cities in Central India. The hospitals include a 175-bed tertiary hospital (BSR Super Specialty Hospital, Bhilai) and the first specialist cancer hospital (BSR Cancer Hospital) in the state of Chattisgarh.

BSR also owns Bhilai Scan and Research, which operates imaging diagnostics centres equipped with radiology and pathology services across Central India.

BSR intends to start nine new imaging diagnostic centres and several new hospitals in the region, including a 150-bed multi-specialty hospital in Nagpur and a hospital in Rajnandgaon.

G.V. Kumar, partner of Aureos in India, says: “The Indian healthcare sector, particularly in the underserved region of Central India is chronically under-funded, which has created a huge demand for private investment in the Indian hospital industry.

“BSR Hospitals, driven by the visionary Dr. Khanduja, is a well-established healthcare group and a recognised brand. Its continued expansion into many of India’s most overlooked regions makes both a compelling investment case but has obvious benefits for the region’s population.”

M K Khanduja, chairman and managing director of BSR Healthcare, adds: “Our growth story is a mirror of the need for far reaching changes impacting healthcare. We have been pioneers in bringing the modern medical technology to the region and have worked closely with the community to provide diagnostic and therapeutic services. We are sure that our growth plans will get a boost with partnering with Aureos. We will continue to focus on fulfilling the healthcare needs of the community at large.”

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