HCG gets USD 20 mn from PremjiInvest

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Mumbai, May 5 (UNI) HealthCare Global Enterprises Ltd (HCG), a leader in oncology care in India, today announced that PremjiInvest, a fund sponsored by Azim Premji, had invested USD 20 million in the company.

The 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, the company said in a release here today, According to the company Chairman and CEO Dr Ajai Kumar, the investment would enable the company to ramp up fast across various geographies, besides enhancing the core research initaitives.

UNI VK SSS SKB1644

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