Morgan Stanley buys majority stake in Clearmedi Healthcare for USD 35M

Morgan Stanley’s private equity arm has acquired a majority stake in Gurugram-based oncology/cancer care hospital chain, for reportedly $35 Million.

ClearMedi Healthcare is a joint venture between Medipass (La Repubblica group) S.r.l. Italy, KOS S.p.A. Italy and Clearview Healthcare India.

Morgan Stanley PE, along with the promoters of the healthcare chain, bought out 100% stake in the healthcare chain from Italy’s KOS Group.

The acquisition deal includes both stake purchase and infusion of fresh equity into the company, said a report by Economic Times. However, specific details like proportion of stakes picked from the KOS Group and how much came into the company as fresh equity remain undisclosed at present.

Founded in 2010, by Shashi Kant Baliyan, ClearMedi is in business of managing complex clinical services running and operating full clinical setups/ Hospitals. From unit operations of Oncology, Nuclear Medicine and Radiology, we are now Operating and Managing stand-alone Super Specialty Hospitals.

The hospital chain has over 350+ Hospital beds autonomously managed by it in different self-sufficient Tertiary-care Hospitals fully managed by ClearMedi. IndianWeb2