True North invests $200 million in KIMS Hospital
Wednesday, March 29, 2017, 1:58 PM
Leading private equity fund True North will invest $200 million in Kerala Institute of Medical Sciences (KIMS), a company statement said. True North will buy about 40% stake in KIMS held by existing investors Ascent Capital Advisors India Pvt. Ltd & OrbiMed Advisors Llc and do a primary capital infusion to fund its growth plans across India and the Middle East.