New Delhi: Unaprime has bought out Tata Healthcare Fund’s 43.5% stake in Maharashtra-based Lokmanya Hospitals, said the financial investment advisory company’s co-founder Deep Mishra. It also purchased shares from other existing investors, taking its total shareholding in the hospital company to 70%, he told ET.“We have paid Rs 140 crore as total consideration for the stake acquired. We will invest whatever it takes to expand the capacity upwards and eventually take the company public,” said Mishra.
Lokmanya Hospitals has five hospitals located in Pune, Pimpri-Chinchwad and Kolhapur. The hospitals have an existing capacity of 300 beds and plan to expand to 500 beds.
The company recorded turnover of ₹130 crore for 2023-24, and it has set a target of ₹500 crore over next four years. Unaprime is into investment banking but, with investment in Lokmanya Hospitals, it has diversified into private equity asset management business.
