Led by Dr. Mohan Vamsy, a leading Surgical Oncologist, Omega Hospitals is India’s second largest cancer-focused hospital chain with 10+ hospitals and a 1,400+ bed capacity.
This capital will help the company expand its footprint across the twin states of Telangana and Andhra Pradesh, as well as neighbouring states such as Karnataka, Maharashtra, Tamil Nadu, Madhya Pradesh and West Bengal, it said.
“With the increasing incidence of cancer in recent years, our mission is to deliver high-quality, full-service cancer care offerings in India. This partnership with Morgan Stanley PE Asia will help us accelerate this journey, and we are excited to build Omega Hospitals into India’s largest cancer care chain in the next few years,” said Dr. Mohan Vamsy, Managing Director of Omega Hospitals.
Arjun Saigal, Managing Director and Co-head of Morgan Stanley PE Asia, commented, “From an Asia perspective, we are seeing a significant opportunity in the Indian single specialty hospital space. This will mark our second investment in an Indian cancer hospital chain within a span of 12 months. Omega has a strong brand presence in Andhra Pradesh and Telangana, which is synonymous with quality cancer care, reputed doctors, and state-of-the-art infrastructure.”
Veda Corporate Advisors were the financial advisors to Omega Hospitals and its promoters on the transaction.
