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Marengo Asia invests Rs 450 crore in CIMS Hospital | Ahmedabad News – Times of India


Ahmedabad: Marengo Asia Healthcare on Wednesday announced an investment of Rs 450 crore in CIMS Hospital, Ahmedabad, for an undisclosed stake.
Through this investment, Marengo Asia plans to build new clinical partnerships, introduce latest medical and technological advances, and bring global expertise to further strengthen CIMS Hospital.
Private equity firm Samara Capital, Havells Family Investment Office, and Godrej Family Investment Office have come together to set up Marengo Asia Healthcare, a platform that will run multi-specialty hospital chains.
“This association (with CIMS, Ahmedabad) is the first investment by the Marengo Asia Healthcare platform,” Marengo Asia said in a statement, adding that all founder doctors of the CIMS Hospital will, as part of the deal, and will also be joining Marengo Asia as investors.
Established in 2010, by an esteemed team of cardiac doctors led by Dr Keyur Parikh, CIMS Hospital has grown from a 125-bed facility to a 330-bed multi super-speciality hospital. “Through our network of partnerships with globally renowned medical and academic institutions, we intend to further build on CIMS Hospital’s clinical strengths and introduce centers of excellence across departments ,” said Dr Raajiv Singhal, founding member and managing director, Marengo Asia Healthcare, which plan to expand the footprint of CIMS Hospital in other parts of Gujarat and Western India.
“We are excited to be associated with Marengo Asia to jointly enhance the footprint of CIMS across India,” added Dr Keyur Parikh, founder and chairman, CIMS.

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