Multiples Alternate Asset Management Acquires Controlling Stake in Vikram Hospital (Asia)

Source:  |  Author: Deepti Chaudhary

Multiples Alternate Asset Management, a private equity firm specializing in mid- to late-stage equity investments, has acquired a controlling stake in India-based hospital chain Vikram Hospital for INR1.8 billion (approximately US$30.2 million) to INR1.9 billion (approximately US$31.9 million). As part of the transaction, Multiples bought ICICI Venture Funds Management’s 64 percent stake for a reported INR900 million (approximately US$15.1 million). Vikram runs seven hospitals in Karnataka with a total bed capacity of over 540.