Kerala-based infertility centre Sabine Hospital and Research Centre has raised $50 million from private equity fund CX partners and a consortium of investors including Singapore-based growth stage private equity firm Tanas Capital, the company announced on Tuesday.
The hospital, founded in 2010 by Dr Sabine Sivadasan, offers services in infertility, assisted reproductive technology, obstetrics, gynaecology, neonatology, paediatrics, general surgery and genetics at its facility in Muvattapuzha near Kochi and in Trivandrum.
Speaking on the funding, Sivadasan said, “The investment of $50 million validates our strong clinical fundamentals, business practices and also recognised the immense need for better fertility, mother and childcare in India. We are now all set to embark on the next phase of growth with renewed passion.
The hospital currently operates 300 beds including 60 NICU beds across 2 facilities. It claimed that it conducts over 6,000 IVF cycles and 3,000 deliveries every year.
“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,” said Vivek Chhachhi, Managing Partner, CX Partners.
The PE fund invests in healthcare, financial services, consumer products and services and IT/outsourced service segments. The fund has 29 portfolio companies and $1 billion of assets under management across its funds and co-investors.
According to the data platform Statista, the hospitals market in India is likely to grow at an annual rate of 5.02 per cent from $126.80 billion revenue in 2024 to $162.00 billion by 2029. IVF facility Sabine Hospitals raises $50 million in funding round led by CX Partners
