Investcorp infuses Rs 316 crore in dialysis service provider NephroPlus

NephroPlus' will use the primary capital raised in this round for organic growth in India and to take its business model to other markets, starting with Southeast Asia

Global alternative asset manager Investcorp on Monday said it had invested Rs 316 crore (about $45m) in Nephrocare Health Services, which has the largest network of dialysis centres in India.

Avendus was the financial advisor to NephroPlus for the transaction.

Nephrocare, over four times larger than the second-largest dialysis service provider in the country, conducts 140,000 sessions per month in 196 centres across more than 115 cities. It manages dialysis departments of hospitals through long-term outsourcing contracts.

Over the past five years, Nephrocare has partnered with 180 top hospitals in India, including Max, Medanta and FMRI. It also acquired DaVita’s India business late