Corporate Updates

Diagnostic chain Suraksha set to get $40 mn funding from OrbiMed

Kolkata-based Suraksha Diagnostics, which operates the largest chain specialising in pathology and radiology in eastern India, is all set to receive about $40-million investment from healthcare investment firm OrbiMed.

dIgitalhealth

Yes, we are in talks with OrbiMed and the deal-making is in the final stage, a media report quoted Suraksha Chairman Somnath Chatterjee as saying. This will be the first investment in eastern India by the firm with approximately $14 billion in assets under its management. Investment bank o3 capital is advising on the deal.

The fund will be used by Suraksha to expand its laboratory network and buy new equipment and technologies.

Suraksha operates more than 30 diagnostic centres across the country.

dIgitalhealth

OrbiMeds other Indian investments include Laxmi Dental, Strides Shasun, Surya Pediatric Care and KIMS.

Follow and connect with us on Facebook, Twitter, LinkedIn, Elets video

Eletsonline News

Follow us on


Most Popular

SUBSCRIBE OUR NEWSLETTER
200000+ Subscribers read it every day.
Subscribe Newsletter
To Top