Azim Premji infuses $20 mln in HealthCare Global

New Delhi, May 5 (UNI) HealthCare Global Enterprises Ltd (HCG), a leader in oncology care in the country, today said PremjiInvest, a fund sponsored by Azim Premji, has invested 20 million dollar in the company.

The Bangalore-based company also announced that Prakash Parthasarathy and Bobby Mustafa of PremjiInvest have been inducted into the Board of HCG.

The fresh funding would help HCG to enlarge its vision of backward integration in cancer management on a pan-India basis and realise its dream of making cancer treatment accessible to all segments of the society.

The additional financial muscle would also enable the corporate hospital to adopt global innovations in the diagnosis, treatment and management of cancer, besides aggressively pursuing its 'Hub and Spoke' model of cancer care centres nationally.

Addressing a conference here today, Dr Ajai Kumar, Chairman and CEO, HCG, said, ''the investment from PremjiInvest would enable us ramp up fast across various geographies besides enhancing our core research initiatives and bring cutting-edge technologies and treatment modalities. We value their operational expertise in creating world class businesses, best practices and technology and look forward to forge a strong relationship with them.'' Mr Prakash Parthasarathy, Chief Investment Officer, PremjiInvest, said, ''Health care in India is going through rapid transition and need for top quality specialised medical care is increasing.

HCG already has strong credentials in oncology care, a highly accomplished medical team and a committed management under Dr Ajai's leadership.

Currently, HCG manages a network of 10 cancer centres across the country, focussing on Cancer Treatment Centres, Imaging and Laboratory Services and Clinical Trials&Research Services.

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