SeaLink Capital Partners invests in Surya Children’s Medicare Pvt. Ltd
SeaLink Capital Partners (“SCP”) has led an investment of Rs. 2,000 mm into Surya Children’s Medicare Pvt Ltd (“Surya” or the “Company”). Surya is Western India’s largest children’s hospital specializing in high-risk maternity and neonatal and paediatric intensive care. The transaction included an infusion of growth capital into the Company and a purchase of the stake held by OrbiMed. Heramb Hajarnavis and Karthik Narayanaswamy, Managing Partner and Executive Director respectively at SCP, are joining the Board of Directors of Surya. Surya was founded in 1983 by renowned paediatrician, Dr. B.S. Avasthi. Surya currently has three hospitals in Mumbai, Pune and Jaipur with plans for further expansion in the next few years. It has India’s largest Neonatal Intensive Care Unit and Western India’s only teaching institute for Paediatric Intensive Care.
India has amongst the highest infant and maternal mortality rates in the world. One out of every four pre-term babies in the world is born in India. Increased prevalence of fertility treatments has led to more complex and high-risk pregnancies requiring further need for gynaecological specialization. The rising pre-term birth rates and maternal complications have created an urgent need to improve clinical outcomes. Moreover, almost 30% of India’s population is under the age of 14 and requires both preventive and curative paediatric care. There is however, a significant undersupply of paediatric hospital beds in the country with an estimated deficit of nearly 200,000 beds.
Dr. B.S. Avasthi, Managing Director of Surya said, “Through a relentless focus on clinical outcomes and the highest quality of patient care over the last thirty years, Surya has established itself as a leading mother and child specialty care hospital in Western India. We are excited to partner with SeaLink Capital Partners at this juncture in our evolution as we continue to follow our vision of being a centre of excellence in providing quality health care to women and children in India.”
Heramb Hajarnavis added, “There is a significant shortfall in availability of paediatric healthcare services and infrastructure in India and addressing it is an extremely urgent issue. We have been highly impressed with the quality and focus on mother and child-care at Surya. We are excited to partner with Dr. Avasthi and the entire Surya team on the important mission of providing critical care to thousands of women and children.”
About Surya: Founded in 1983 by Dr. B.S. Avasthi, Surya is Western India’s largest mother and child specialty hospital with facilities in Mumbai, Pune and Jaipur. It has India’s largest level 3 Neonatal Intensive Care Unit facility and Western India’s only National teaching institute for paediatric intensive care. For additional information, please visit Surya’s website at www.suryahospitals.com
About SCP: SCP was founded with a strong belief in the strength of the Indian economy and growth potential of high-quality, mid-sized businesses across select industry sectors in India. SCP combines its active ownership model with a strong partnership based approach to go beyond financial investment and drive long-term value creation for all stakeholders. For additional information please visit SCP’s website at www.sealinkcap.com
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