CDC, a UK based finance institution, has invested US$ 48 million in Narayana Hrudayalaya hospital chains. Narayana Hrudayalaya will use funds to expand affordable treatment in Eastern, Central and Western regions of the country. CDC will receive a small minority stake in return for its investment.
The affordable chain of multi-speciality hospitals is promoted by noted cardiac surgeon Dr Devi Shetty, who did not specify the quantum of equity that will be pared with the UK investor post investment.
“Our long-term capital and strategic support can help Narayana Health build on the success that it has had in using innovation and its scale to deliver world-class healthcare standards to its lower and middle-income patients,” said Srini Nagarajan, CDC’s Head, South Asia.
“We want to transform the way healthcare is delivered across the world and CDC has the right approach towards addressing social issues in developing countries. We partnered with CDC because they are interested in long-term societal transformation and this objective is closely aligned with our goal” said Dr Shetty, Founder, Narayanaa Health.