Asian De­vel­op­ment Bank to in­vest in dial­y­sis firm

BioSpectrum (India) - - FINANCE NEWS -

The Asian De­vel­op­ment

Bank (ADB) has agreed to in­vest $10 mil­lion of eq­uity in DCDC Health­care Ser­vices Pri­vate Lim­ited (DCDCPL), a com­pany pro­vid­ing dial­y­sis and an­cil­lary ser­vices to end-stage re­nal disease, to help en­able the es­tab­lish­ment of crit­i­cal health­care in­fra­struc­ture in In­dia and Sri Lanka. ADB’s fi­nanc­ing will also in­clude a $5 mil­lion eq­uity in­vest­ment made on be­half of Lead­ing Asia’s Pri­vate In­fra­struc­ture Fund (LEAP), one of ADB’s co-fi­nanc­ing ve­hi­cles ded­i­cated to pri­vate sec­tor in­fra­struc­ture in Asia and the Pa­cific. The Ja­pan In­ter­na­tional Co­op­er­a­tion Agency sup­ports LEAP, launched in Au­gust 2016, through a $1.5 bil­lion eq­uity com­mit­ment. The agree­ment was signed by ADB Prin­ci­pal In­vest­ment Spe­cial­ist for Pri­vate Sec­tor Op­er­a­tions Mayank Choud­hary and DCDCPL’s Founder and CEO Aseem Garg at a cer­e­mony in New Delhi. DCDCPL of­fers dial­y­sis care at its pub­lic-pri­vate part­ner­ship (PPP) cen­ters in gov­ern­ment hos­pi­tals, along with its cen­ters at pri­vate hos­pi­tals and two stand­alone clin­ics. It is the sec­ond largest op­er­a­tor of PPP dial­y­sis cen­ters in In­dia. ADB’s in­vest­ment will al­low the com­pany to ex­pand its network to more than 180 cen­ters and in­crease its ge­o­graphic pres­ence by cov­er­ing more states in In­dia, as well as start­ing a network of cen­ters in Sri Lanka. ADB will also as­sist DCDCPL in ca­pac­ity build­ing, in­clud­ing de­vel­op­ing hu­man re­sources, im­prov­ing sys­tems and pro­cesses, and stan­dard­iz­ing care qual­ity.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.