Sabine Hospitals gets $50 million PE funding led by CX Partners
Both aim affordable and accessible IVF, birthing and neonatal care for all
Both aim for affordable and accessible IVF, birthing, and neonatal care for all
Sabine Hospital and Research Centre has secured $50 million in funding from CX Partners, a private equity fund in the Indian mid-market.
Sharing details about the development, Dr Sivadasan Sabine, Founder and Chairman of Sabine Hospital & Research Centre said, “The investment of $50 million validates our strong clinical fundamentals, business practices and also recognised the immense need for better fertility, mother and child care in India. We are now all set to embark on the next phase of growth with renewed passion.”
CX partners work in the healthcare, financial services, consumer products and services and IT/outsourced service. With 29 portfolio companies and $1billion of assets under management across its funds and co-investors, CX partners is positive about Sabine Hospital’s potential to immense growth.
Commenting on the investment, Vivek Chhachhi, Managing Partner, CX Partners said, “ While upholding the utmost ethical standards and clinical excellence, the organisation has demonstrated remarkable growth, with a CAGR of 25 per cent 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 putting in place systems to manage growth.”