RG Stone Urological Research Institute, the super specialty urology hospital in India today announced investment of US $ 10 million in the Institute by the leading private equity firm, ICICI Venture. The group will use the funding to establish twenty new hospitals.
RG Stone Urological Research Institute, a highly reputed institute for Urology, announced major plans for expansion across India. The first phase includes a super specialty hospital with state of art technology in Goa and four speciality centres in tie up with leading hospitals, which includes S K Soni Hospital, Jaipur, Kamyani Hospital, Agra , Saguna Hospital, Bangalore and Ivy Hospital , Mohali. The projects are expected to be completed by the end of December 07. The second phase, expected to be completed by September, 2008, will see the addition of fifteen centers.
RG Stone Urological Research Institute will become the first institute in the country to introduce the concept of outsourcing surgical departments. The super speciality centres would be completely owned and managed by RG Stone Urological Research Institute. The centres will be equipped with Siemens Lithotripsy with ultrasound & X-Ray attachment for localization and treatment of kidney stone removal, 100 watt Holmium Laser for treating enlarged prostate and urinary stone, Nephroscope and Uretroscope from Karl Storz and Richard Wolf, Germany for complete endourology. All the modern facilities and equipments from Karl Storz and Richard Wolf will be used in performing advanced laparoscopic surgeries. Almondz Global Securities Ltd, Delhi was the financial advisor to RG Stone for the transaction.
Speaking on the occasion, Dr B.S Bansal, Chairman and Managing Director of RG Stone Urological Research Institute said, “We are happy to announce the launch of our new centres with the state –of –the –art technologies and international standards in other part of the country. The partnership with ICICI Venture will enable us to establish a pan India presence.”
According to Mr Aluri S. Rao, Director Investments of ICICI Venture “We are excited to work with RG Stone Urological Research Institute, the pioneers in Urology. The group has a very experienced management team and exceptional surgeons whose expertise is at par with international standards. I foresee them scaling greater heights.”
About RG Stone Urological Research Institute
RG Stone Urological Research Institute is the first super speciality urology institute in India . Urological care in India took a giant step forward in the year 1986 with the establishment of R G Stone in Mumbai. Under the affluent guidance of Dr. B.S. Bansal, Chairman & Managing Director of the group, it mastered the technique of urinary stone management by keeping abreast with the latest medical breakthroughs, state of the art technologies and international standard equipment. The group owns and manages 6 hospitals in New Delhi, Chennai, Mumbai Ludhiana, and 1 Joint Venture Partnership in Kolkata. To its credit the hospital has done than 1,00,000 surgeries till date from India and abroad. The group has been certified by Guinness Book of World Records for treating the Largest Kidney Stone (13 cms) in the world. R G Stone Urological Research Institute is fully equipped with State-of-the-art, U.S. FDA approved and International Standard equipments. The group has achieved ISO 9001:2000 Certificate for Lithotripsy, Endourology, Holmium Laser, Laparoscopic Surgeries and Diagnostics.About ICICI Venture Funds Management Ltd
ICICI Venture, incorporated in 1988, as a wholly owned subsidiary of ICICI Bank, is the largest and one of the most successful private equity and venture capital management companies in India with funds currently under management in excess of USD $ 2 billion.Over the last 18 years, ICICI Venture has been successful in identifying trends well ahead of the curve; be it retail, media and entertainment, information technology, real estate or healthcare, pharmaceuticals and biotechnology. ICICI Venture today has some of the best known and managed companies in India in its portfolio delivering value consistently to its investors
About Almondz Global Securities Ltd
Almondz Global, incorporated in 1994, is one of the leading Investment Banks in India with business portfolio comprising Merchant Banking-Debt Capital Market & Equity Capital market, Private Equity & M&A, Infrastructure advisory and Debt syndication, Wealth management & Private client group. The company has Pan India presence with 20 offices. The Private Equity & M & A team works across the sectors including Healthcare, Retail, Infrastructure, Technology, Real estate & Chemicals.
Source: Indiaprwire