Health Financing/Insurance

NEA Eyes Sub-$50M Deals in healthcare chains

eHealth BureauUS-based private equity firm New Enterprise Associates Inc. (NEA) is betting big on the Indian healthcare story as it eyes investments in specialty hospital chains. Globally, nearly 40% of its total assets under management of $11 billion is invested in healthcare-related sectors and it proposes to attach a similar significance to its play in India.NEA, which had raised a $2.5-billion global fund in January, may allocate 15% of this fund to India investments. NEA, closed an investment in Nova Medical recently.  It is learnt that the firm is uating investment deals in the range of $10-$50 million in smaller hospital chains across Indian states.

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