We are happy to announce the successful closure of the first private equity transaction in the orthopaedic surgical space in Indian healthcare.
Matrix Partners a Mauritius based private equity fund, picked up a significant minority stake in Mewar Orthopaedic Hospital Private Limited, in a INR 300 million transaction, making this the third investment in the Indian healthcare sector by Matrix Partners.
Mewar Ortho provides surgical orthopedic care in Rajasthan, Gujarat and Madhya Pradesh through a network of centres. It is led by two orthopaedic surgeons-turned-entrepreneurs: Dr Manish Chhaparwal and Dr Devashree Chhaparwal.
This transaction is the first institutional investment in the orthopaedic specialty space in India.
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