{"id":6480,"date":"2017-02-25T12:01:06","date_gmt":"2017-02-25T12:01:06","guid":{"rendered":"http:\/\/www.YourChennai.com\/?p=6480"},"modified":"2017-02-25T12:03:21","modified_gmt":"2017-02-25T12:03:21","slug":"manipal-cdc-create-partnership-invest-healthcare-beyond-hospitals","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2017\/02\/25\/manipal-cdc-create-partnership-invest-healthcare-beyond-hospitals\/","title":{"rendered":"Manipal and CDC Create Partnership to Invest in \u00e2\u20ac\u02dcHealthcare Beyond Hospitals\u00e2\u20ac\u2122"},"content":{"rendered":"
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A new partnership to invest in health care services beyond conventional hospital services, \u00c2\u00a0has been launched today by CDC Group Plc, the UK\u00e2\u20ac\u2122s Development Finance Institution and the Dr Ranjan Pai-led, Manipal Education and Medical Group\u00c2\u00a0 (MEMG)\u00c2\u00a0<\/span><\/p>\n

The two institutions, have come together to invest an initial Rs500 crore in innovative opportunities \u00c2\u00a0in India, Africa and elsewhere in South Asia, with aspirations \u00c2\u00a0to invest even more in the future.\u00c2\u00a0<\/span><\/p>\n

The platform will target a wide range of out of hospital care services\/companies, from those providing diagnostic services through to comprehensive home healthcare services. Companies in the molecular diagnostic space in India and infectious diseases investigations in Africa have been already identified for investment by the partnership.<\/span><\/p>\n

\"DrThe partnership\u00e2\u20ac\u2122s primary focus will be on building scale through acquisitions and will back entrenched market players and strong management teams. The platform will support\u00c2\u00a0 \u00c2\u00a0firms that are currently constrained to \u00c2\u00a0\u00c2\u00a0grow beyond a certain level due to management and financial limitations. The CDC\/MEMG platform will provide such companies \u00c2\u00a0\u00c2\u00a0access to professional management and creating value by being part of a broader network.<\/span><\/p>\n

While this partnership will incubate and grow businesses in \u00e2\u20ac\u02dcHealthcare Beyond Hospitals,\u00e2\u20ac\u2122 both MEMG \u00c2\u00a0\u00c2\u00a0and CDC will continue independently to pursue investing in the conventional hospital space in the targeted markets.<\/span><\/p>\n

Welcoming the announcement, Dr Ranjan Pai said:\u00c2\u00a0<\/span>\u00e2\u20ac\u0153While traditional hospitals will continue to deliver high end care and inpatient services, healthcare providers have realised the need to evolve\u00c2\u00a0 alternate\u00c2\u00a0 formats \u00c2\u00a0which will complement hospital services and where care can be delivered in \u00e2\u20ac\u0153Out of Hospital\u00e2\u20ac\u009d set ups and closer to patients\u00e2\u20ac\u2122 homes, . The companies we\u00e2\u20ac\u2122re looking to back will be heavily reliant on new technology to improve quality of service and access. High quality care, fair pricing and patient convenience – these are Manipal\u00e2\u20ac\u2122s core principles and will drive our investment thesis.\u00e2\u20ac\u009d He added that the potential of investments through this platform to create a strong development impact, is one of the primary drivers for his partnership \u00c2\u00a0with CDC<\/span><\/p>\n

Srini Nagarajan, CDC\u00e2\u20ac\u2122s Head of South Asia said:\u00c2\u00a0<\/span>\u00e2\u20ac\u0153CDC is committed to supporting the growth of the healthcare sector in India because of the jobs created and the innovations that can improve access and bring higher quality care for all patients.\u00c2\u00a0 We\u00e2\u20ac\u2122re delighted to be working with Manipal, a strong operational partner, who have pioneered healthcare delivery and education in India. We will \u00c2\u00a0\u00c2\u00a0provide long-term finance to the next generation of businesses that can help transform healthcare services beyond the hospital space.\u00e2\u20ac\u009d<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A new partnership to invest in health care services beyond conventional hospital services, \u00c2\u00a0has been launched today by CDC Group Plc, the UK\u00e2\u20ac\u2122s Development<\/p>\n","protected":false},"author":1,"featured_media":6481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,7],"tags":[8635,8634,8637,8633,8638,8636],"class_list":["post-6480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health-hospital-daycare","category-lifestyle-health-hotel-leisure-food-fashion","tag-cdc-group-plc","tag-conventional-hospital-services","tag-dr-ranjan-pai","tag-health-care-services","tag-manipal-education-and-medical-group","tag-uks-development-finance-institution"],"views":1588,"jetpack_featured_media_url":"https:\/\/yourchennai.com\/wp-content\/uploads\/2017\/02\/Dr-Ranjan-Pai-led-Manipal-Education-and-Medical-Group.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/6480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/comments?post=6480"}],"version-history":[{"count":2,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/6480\/revisions"}],"predecessor-version":[{"id":6483,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/6480\/revisions\/6483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media\/6481"}],"wp:attachment":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media?parent=6480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/categories?post=6480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/tags?post=6480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}