Sabine Hospitals raises $50M PE funding led by CX Partners

Sabine Hospital and Research Centre has raised $50 million in funding from CX Partners, a notable private equity fund with a history of delivering returns through economic cycles.

The funding round also included a consortium of investors, notably Singapore-based Tanas Capital, a growth-stage private equity firm.

Leadership comments

Dr. Sivadasan Sabine, Founder and Chairman of Sabine Hospital & Research Centre, emphasized the significance of this investment.

"CX partners and the consortium of investors share our vision of making high-end fertility, birthing and neonatal care affordable and accessible to the most remote towns of India. The investment of $50 million validates our strong clinical fundamentals, business practices, and also recognized the immense need for better fertility, mother and childcare in India. We are now all set to embark on the next phase of growth with renewed passion," Sabine said.

Diverse portfolio in healthcare 

CX Partners has a diverse portfolio in healthcare, financial services, consumer products, and IT/outsourced services.

With $1 billion of assets under management and 29 portfolio companies, CX Partners is optimistic about Sabine Hospital's growth potential.

Vivek Chhachhi, Managing Partner of CX Partners, commented on the hospital's potential: "Sabine Hospital and Research Centre provides accessible healthcare at affordable costs. Their world-class fertility treatments cater to the growing medical needs of people. While upholding the utmost ethical standards and clinical excellence, the organization has demonstrated remarkable growth, with a CAGR of 25% over the last three years. We see the potential in further expanding Sabine Hospitals to adjacent markets, drawing upon our experience investing in healthcare, attracting high-quality professional leadership, and putting in place systems to manage growth."

What are the future plans for Sabine Hospital?

Sabine Hospital and Research Centre, incorporated in 2016, operates 300 beds, including 60 NICU beds, across two facilities in Kerala.

The hospital offers a range of mother and child healthcare services, including IVF and other fertility treatments, birthing, newborn care, and various gynaecological procedures. Conducting over 6,000 IVF cycles and 3,000 deliveries annually, the hospital attracts patients from the Maldives, Oman, Bangladesh, and Kerala.

The hospital is set to add two more facilities within the next 6-8 months, further expanding its reach and services.

Amit Sharma, MD of Tanas Capital, expressed his enthusiasm about the partnership, saying, "We are pleased to partner with CX and Sabine Hospital and Research Centre to aid the strategic imperatives of this franchise. The focused and nuanced approach of Sabine Hospital is a clear differentiator and is certainly well-positioned for the next phase of growth."