Omega Hospital plans to raise up to 600 crore

NEW DELHI: Hyderabad-based Omega Hospital, specialised in oncology, is planning to offload 10-15% equity, in a deal valued around Rs 500-600 crore. Morgan Stanley Private Equity has emerged among the top bidders to pick up the minority stake in the hospital, sources told TOI.
Over the last couple of years, the hospital sector has been red-hot, attracting a surge of investors and culminating in multi-million buyouts headlining large chains such as Manipal and Max.Others in the fray include private equity firms, including, ChrysCapital, Multiples, Quadria Capital and Kedaara Capital, a person close to the development said.
Post Covid, there has been a massive increase in demand for private healthcare. And a rise in ageing population, increase in lifestyle ailments and higher incomes, have increased investor appetite.
Omega hospital was founded in 2010 by oncologist Dr Mohana Vamsy along with a group of physicians. At present, Vamsy plans to offload equity to fund future expansion of the hospital, the source said. It was set up with the objective to create a super-speciality hospital with emphasis on advanced treatment for cancer. According to its website, it has expanded to centres including Guntur, Kurnool and Vizag.