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Creador picks up a minority stake in Paras Healthcare for Rs 275 cr

Chain focuses on providing affordable health care services to North India's middle-income segment

Paras Hospitals
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BS Reporter New Delhi
Commelina Limited, an affiliate of Creador III LP (Creador), has invested Rs 275 crore ($42 million) for a minority stake in the North India-focused hospital chain Paras Healthcare Private Limited (Paras). This is Creador's 24th investment across the globe, while being the ninth fund support endeavour in India. The private equity firm focuses on long-term investments in growth-oriented businesses in South Asia and Southeast Asia. 

Incorporated in 2006 by Dr Dharminder Nagar, Paras operates a chain of 5 hospitals, total of 730 beds, offering secondary and tertiary care services. Apart from establishing the first multi-specialty hospital in Gurgaon, Darbhanga and