International Finance Corporation invests $7 mn in NephroPlus's dialysis provider


Published Date : Jun 20, 2014

NephroPlusalready operates 26 operates in 10 states, and will open dialysis centers across the country. The International Finance Corporation has invested over Rs 41 crore, USD 7 million in dialysis provider. NephroPlusalso plans to expand high quality kidney care services in India. 

 

The high quality dialysis providers need to scale up to meet India’s enormous healthcare needs and NephroPlusexactly helps to do that said,Venture Capital Lead for South Asia at IFC PravanMalhotra. In addition, providing high quality dialysis care in undeserved marketsimproves the excellenceof life for chronic kidney care patients. He also added that this market will create skilled healthcare jobs in the industry. 

 

This is a valuable investment for NephroPlus that will help the company to leverage IFC’s global healthcare knowledge and industry relationships in the drive to grow quality dialysis care model in India, said NephroPlus Founder and CEO VikramVuppala. 

 

IFC is anenduring partner for NephroPlusthat has significant healthcare expertise and broad network of healthcare across several clients in the emerging markets. 

 

The International Finance Corporation is one of the world’s largest multilateral investor in the medical and private health care sector in the emerging markets. It has a financing of over USD 2.2 billion to 164 private health care and life sciences projects in 53 countries.