IDFC Pvt Equity invests Rs 90 cr in Manipal Health

Manipal Health Systems, which manages 3 tertiary care hospitals, 8 secondary care hospitals and 9 primary care centres in south India, said today it has raised Rs 90 crores of equity from IDFC Private Equity Fund II. 

The funds will be used to expand its network beyond the south, the company said in a formal joint announcement with IDFC Private Equity. "We are looking at setting up facilities in centres like Delhi and Mumbai, " R Basil, CEO, Manipal Health Systems said.