Kerala hospital in talks with PE cos

It is looking to raise ₹500 cr to fund its expansion plans

- Debiyoti Roy

Baby Memorial Hospital, one of the largest hospitals in Kerala, is in talks with several private equity firms, including global investors, to raise its first external equity round of funding, two people aware of the development said.

The Kozhikode-based healthcare provider is seeking the fresh capital to fund its expansion plans and partly repay loans availed from the credit arm of a global PE firm four years ago, the people said, asking not to be identified.

The hospital is looking to raise about 500 crore (about $60 million), one of the persons said.