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Latest: Matrix India invests in Meditrina - Tuesday, 03 September 2013 00:00
Latest: Geriatric Camp from 4th to 7th September 2013 - Tuesday, 03 September 2013 00:00
Latest: Award for Dr. Prathap Kumar - Saturday, 19 January 2013 00:00

News Updates

Geriatric Camp from 4th to 7th September 2013

It has been decided to conduct a Geriatric Camp from 4th to 7th September 2013 in association with Malaya....

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Matrix India invests in Meditrina

Matrix Partners India today announced....

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Award for Dr. Prathap Kumar

Dr. Prathap Kumar, Managing Director of Meditrina Hospital was honored by giving an award for Best Interv....

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Matrix India invests in Meditrina

Matrix Partners India today announced that it has picked up a significant minority stake for INR 41 crores in Meditrina Hospitals, as the sole investor in the first institutional round of equity funding for the Company. Meditrina is a leading provider of cardiac care in South India. It currently operates four units focused on interventional cardiology in South and Central Kerala. Meditrina strives to provide high quality care with best in class infrastructure at an affordable cost in these locations. Meditrina started its operations three years back and in a short span of time, has built a strong brand under the leadership of Kerala's leading interventional Cardiologist Dr. N Prathap Kumar.



"Technology introduction in cardiac care in India has been on the rise since mid '90s. I have had the privilege to be at the forefront of cath lab introduction in Kerala. Though metros have moved ahead, Tier II India lags behind though the need is as acute there. My focus also has always been to build on the existing medical infrastructure, hence the idea of Specialty Inside Hospital (SIH). Meditrina was born by merging these two concepts. Though we now focus on interventional cardiology, we will soon venture into bypass and allied cardiac care with a world class Centre of Excellence in Kollam. We aim to keep our capital and operating costs low and pass the benefit to customers, most of whom are bread winners of their respective families. Partnership with Matrix will enable us to move fast in the growth phase and provide us thought leadership, given their strong background in Healthcare Services." said Dr. N Prathap Kumar, founder of Meditrina Hospitals Private Limited.


"It is our privilege to be associated with the team at Meditrina, especially Dr. N Prathap Kumar, and his vision to create quality cardiac care in tier II India. The Cardiac SIH model, which solves for capital efficiency and intensity, is a substantial business model innovation in a hitherto highly capital intensive, super specialist therapeutic area." said Asish Mohapatra, healthcare investments head, Matrix Partners India.

"Specialty healthcare services are an important franchise area for Matrix Partners India as they satisfy a growing demand for affordable and patient–centric care for Indian consumers and this is the 5th investment in this area." said Avnish Bajaj, co-Founder and Managing Director, Matrix Partners India.

Meditrina has a line of several eminent Cardiologists planning to join the team in the immediate future. In the next five years, Meditrina aims to grow pan India into a strong network of 20 SIHs supported by two strategically located centres of excellence. It is in the process of ramping up personnel both on clinical (Cardiologists) and non-clinical management to build the engine for this growth.

Grant Thornton India was the sole financial advisor to Meditrina Hospitals in this transaction.

About Meditrina Hospitals Private Limited:

Meditrina Hospitals Private Limited is a leading provider of diagnosis, prevention, acute, ICU care and procedures in cardiac care. It has four functional centres in South and Central Kerala, three of which are inside large hospitals. Meditrina stands for affordable care, patient centricity, fast discharge and technical excellence. It has several eminent cardiologists and allied care specialists both in full time and consultant roles. Meditrina is headed by Dr. N Prathap Kumar, one of Kerala's leading interventional cardiologists with 8000+ angioplasties in the last 16 years, along with a distinctive career in research. He has the experience of setting up cardiac units in several hospitals in Kerala and Bangalore as a practitioner, administrator and entrepreneur.


About Matrix Partners India:

Matrix Partners India is an investment firm with INR 3,000 crore under management. The firm invests in companies targeting the Indian consumer market at the seed, early and early growth stages with initial investments ranging from 1 crore to 75 crore. The firm has invested in several market leading companies including Centre for Sight (eye care chain), Cloudnine (Maternity and infant care chain), Mewar Ortho (Orthopedic care chain), Enhance (Cosmetology chain), Muthoot Finance (gold loan NBFC), Quikr (online classifieds), Tree House Education (preschools), U2opia (social mobile apps), Ver se Innovation (mobile classifieds) and Twist Mobile (mobile games) among others. Matrix Partners has a global network of funds investing in the US, China and India with US $3 billion under management.

Further information is available at www.matrixpartners.in

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