Home > Business > Sabine Hospitals secures $50 million PE funding led by CX Partners

Sabine Hospitals secures $50 million PE funding led by CX Partners

Bhubaneswar, June 11, 2024 (TBB Bureau): Sabine Hospital and Research Centre has secured $50 million in funding from CX Partners, a private equity fund specializing in the Indian mid-market, known for its strong track record of delivering returns through market cycles, alongside a consortium of investors.

Dr. Sivadasan Sabine, Founder and Chairman of Sabine Hospital & Research Centre, shared details about the development, saying, “CX Partners and the consortium of investors share our vision of making high-end fertility, birthing, and neonatal care affordable and accessible to the most remote towns of India. The investment of $50 million validates our strong clinical fundamentals and business practices and recognizes the immense need for better fertility, mother, and childcare in India. We are now set to embark on the next phase of growth with renewed passion.”

CX Partners operates in the healthcare, financial services, consumer products and services, and IT/outsourced services sectors. With 29 portfolio companies and $1 billion in assets under management across its funds and co-investors, CX Partners is optimistic about Sabine Hospital’s potential for substantial growth.

Commenting on the investment, Vivek Chhachhi, Managing Partner at CX Partners, said, “Sabine Hospital and Research Centre provides accessible healthcare at affordable costs. Their world-class fertility treatments cater to the growing medical needs of people. While upholding the utmost ethical standards and clinical excellence, the organization has demonstrated remarkable growth, with a CAGR of 25% over the last three years. We see the potential in further expanding Sabine Hospitals to adjacent markets, drawing upon our experience investing in healthcare, attracting high-quality professional leadership, and implementing systems to manage growth.”

Singapore-based Tanas Capital, a growth stage private equity firm, is part of the investor consortium. A. Amit Sharma, MD of Tanas Capital, shared his thoughts, saying, “We are pleased to partner with CX and Sabine Hospital and Research Centre to support the strategic imperatives of this franchise. The focused and nuanced approach of Sabine Hospital is a clear differentiator and is certainly well-positioned for the next phase of growth.”

Sabine Hospital and Research Centre was incorporated in 2016 as a single facility near Kochi. Now, it operates 300 beds, including 60 NICU beds, across two facilities in Kerala. Sabine Hospital has an integrated model offering mother and child healthcare services, including IVF and other fertility treatments, birthing, newborn care, and other gynecological procedures. Conducting more than 6,000 IVF cycles and 3,000 deliveries every year, Sabine Hospital attracts patients from the Maldives, Oman, and Bangladesh, besides Kerala. The hospital utilizes cutting-edge equipment to make high-end procedures like IVF more accessible, upholding the highest ethical standards and recording the highest success rates.

About admin

Leave a Reply

Your email address will not be published. Required fields are marked *