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Milestone Religare invests in hospital chain

Milestone Religare invests in hospital chain
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First Published: Wed, Feb 24 2010. 10 31 PM IST
Updated: Wed, Feb 24 2010. 10 31 PM IST
Bangalore: Private equity investor Milestone Religare Investment Advisors Pvt. Ltd has invested Rs31.2 crore in HealthCare Global Enterprises Ltd (HCG), a Bangalore-based hospital chain focused on treating cancer. With this, Milestone Religare has invested nearly Rs100 crore in the healthcare space. “The Indian healthcare sector is on a growth path. Cancer is one of the largest non-communicable diseases in India and with around 3 million patients,” Rajesh Singhal, managing partner, Milestone Religare, said in a statement.
Milestone Religare is a joint venture between Milestone Group and Religare Enterprises.
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First Published: Wed, Feb 24 2010. 10 31 PM IST