By 1 2 1 News Reporter
Mohali, 19th June:-- A global Private Equity funds based of Europe has invested Rs 70 crores in India in Ivy Hospital as equity funds after considering some other hospitals chose Ivy as their final choice due to its honest and ethical medical practices and for their commitment to give the patients the best in health care i.e. affordable, accessible and high quality . This company is popularly known as DEG, is a subsidiary of the 2nd largest European Bank KFW, which is owned by the Government of Germany. It is the 1st investment by DEG in any healthcare company in India and This Deal facilitated by MPA financial services, a Mumbai based investment banking firm.
Gurtej Singh,CEO of Ivy hospitals said that With this investment Ivy will set up more hospitals in North India including Bathinda, Amritsar, Hoshiarpur, Simla, Karnal and embark on a multiphase expansion and will make treatment accessible at local level though there are 3 operational hospitals at Mohali, Khanna and Nawanshahr. Ivy has emerged as a leading super specialty hospital in the region in short span of 5 years and have 25 specialty department Ivy Hospital is providing treatment to more than one lack patients every year besides it is also one of the very few hospitals in the entire region that have achieved the most coveted distinction among healthcare providers, i.e. NABH accreditation. This is the highest seal of quality certification for hospitals in India and now with DEG investment in Ivy, Ivy aims to take specialty care to the doorstep of patients by setting up hospitals in Tier 2 and Tier 3 cities of North India.
CEO Singh also informed that Global Investors in the past have chosen to invest in other parts of the country but first time Punjab HealthCare domain is chosen and landscape of healthcare of Punjab will be changed due to global investment.
According to him Ivy always believes in bringing modern infrastructure in the hospitals and highly qualified doctors to manage the same as there is a huge shortage of specialty hospitals in this region and Ivy aims to plug this gap by creating additional 1000 beds soon. And This expansion is expected to create new health care jobs, from doctors and nurses to pharmacists and administrative staff besides Ivy also strives and committed to pay back to the society also by providing free medical services by providing free Medical Checkup camps, Organizing awareness talk at various other locations, Arranging for free Consultation & Medicine Distribution Camp create awareness about health and wellness.
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