It’s Raining Funds

Express Healthcare (Jun 18 2008)

Categories:
Markets: Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
Financing: Acquisition, Funding

Quotes

  1. “ Seventy-five per cent of the corpus will be invested in deals with an average size of $15 million and 25 per cent will be invested in deals with average size of $5 million. ”
    By Vikram Gupta
  2. “ India and most emerging countries are the largest cancer banks. Minimally invasive technology will play a major role in diagnostic aspects of cancer treatment. Perfint addresses a growing market with a unique and differentiated product in the area of minimally invasive surgical tools for biopsies; the PIGA product line is the first of its kind in the world with excellent customer feedback during trials. ”
    By Sudhir Sethi
  3. “ We want to run the business on our own, for first two years, turn it cash positive and then go with PE funding. Then we would not have to haggle with the PE firm about the right value. ”
  4. “ PE funding would bring benefits like introduction of professional management, transparent accounting standards, corporate governance and adherence to international quality accreditation. Also, PE players can assist companies in achieving organic and inorganic growth, and also bring about industry consolidation. ”
  5. “ We have leveraged the debt fund to the maximum to complete our recently opened 150-bed tertiary care hospital with level-three ICU and our retail venture. Hence, PE funding is our next best option. ”
  6. “ Many institutes are poor in managing funds and cash transactions. Having a PE firm with rich knowledge of global market, strategic management and fiscal management would be good for the healthcare companies. ”
  7. “ Large players would learn how to utilise their manpower and technology effectively and refrain from duplicating resources at smaller hospitals. The industry would also reap the benefits of integration. ”
  8. “ The additional financial muscle will also enable the corporate hospital to adopt global innovations in the diagnosis, treatment and management of cancer, besides aggressively pursuing its hub and spoke model of cancer care centres nationally. ”
  9. “ Value creation takes longer in healthcare, but once created, it is sustainable. ”
  10. “ The PE firms should also have an agreement with the investee that no major financial transaction and no change of top management should happen without their consent. ”
  11. “ We continue to scout for opportunities in the speciality healthcare chains like diagnostics, dialysis centres and oncology centres. ”
    By Chandrasekar Kandasamy

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