Kerala house, State government office in New Delhi, India

Mumbai (Maharashtra) [India], April 20 (/BusinessWire India): Verlinvest, an international, family-backed evergreen investment company, announced its entry into India's healthcare sector today, with the acquisition of a controlling stake in Ferty9 Fertility Center, a premier chain of fertility clinics in the AP/Telangana region that was founded by Dr C. Jyothi Budi and her partners in 2013.This investment will enable Ferty9 to expand its reach across India and supports the development of new technologies and medical innovations, further strengthening Ferty9's position as a leading fertility clinic chain. By investing around USD 50 million in the platform, Verlinvest will focus on scaling Ferty9's footprint, offering, and positive impact nationally.Verlinvest has partnered with Vinesh Gadhia, who will lead Ferty9 as its Chief Executive Officer and Executive Director of the Board to scale Ferty9's reach and execute its ambition to acquire more fertility assets through this platform. Gadhia is an industry veteran in India's fertility sector with over 30 years of experience in building commercial teams and expanding scientific partnerships.Two senior investors from Verlinvest who led this investment, Shagun Tiwary Shah and Manvitha Janagam, will join Ferty9's Board of Directors, adding to the ~70 per cent of employees at Ferty9 that are women. Speaking about the announcement, Shagun said: "We are thrilled to partner with Ferty9 to create a trusted platform that will enhance accessibility to treatments for women and men struggling with infertility and offer greater choice and flexibility in terms of timing decisions around becoming parents." Manvitha added: "We are delighted to be working alongside Vinesh Gadhia, Dr C. Jyothi Budi and Ferty9's fantastic team to build and scale a market-leading IVF platform, which offers clinical excellence, quality service and excellent value for its patients.""We are thrilled about our partnership with Verlinvest, an investor that shares our vision of providing affordable and accessible fertility treatments. With Verlinvest team's passionate support, experience in brand-building, and operational expertise, we can now extend our mission across India and empower women with more choices for their reproductive health," said Dr C. Jyothi Budi, Medical Director, Ferty9 Fertility Centre.Gadhia said, "The Indian IVF sector is on the cusp of a major growth trajectory, with projections of reaching over USD 1.5 billion by 2026, growing at an impressive 15 per cent CAGR. To further facilitate this evolution and maturation, consolidation is paramount. That's why we are delighted to be partnering with Verlinvest to unlock Ferty9's potential for greater scale, efficiency, and innovation. As always, our commitment to delivering exceptional patient care remains unwavering. We see this moment as the first step towards our ambitious goal of making high-quality fertility treatments more accessible to all."Verlinvest's acquisition of a controlling stake in Ferty9 Fertility Centre marks their first foray into the healthcare sector in India, having spent several decades investing in the healthcare sector in Europe. Verlinvest aims to leverage its expertise in backing market-leading consumer-focused brands and apply it to the healthcare industry.Lincoln International was the advisor on the deal.This story is provided by BusinessWire India. will not be responsible in any way for the content of this article. (/BusinessWire India)Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Kerala HouseFOLLOW

Kerala house, Latest News

Mumbai (Maharashtra) [India], April 20 (/NewsVoir): P&G Shiksha, the flagship CSR program of P&G India, today launched a first-of-its-kind ... ...

New Delhi [India], April 20 : Assam and Arunachal Pradesh governments on Thursday signed a memorandum of understanding (MoU) ... ...

New Delhi [India], April 20 (/NewsVoir): Medical Technology Association of India (MTaI) which represents leading research-based medical technology compes ... ...

New Delhi [India], April 20 (/PNN): Over the last 2-3 years, have you opened a demat account, started a ... ...

Mohali (Punjab) [India], April 20 : The 137-run opening stand between Virat Kohli and Faf du Plessis powered ... ...

New Delhi [India], April 20 : Days after former Congress chief Sonia Gandhi's attack on the Modi government for ... ...

New Delhi [India], April 20 (/SRV): On April 19, 2023, Mari State University, the Flagship University of the Republic ... ...

Mumbai (Maharashtra) [India], April 20 (/BusinessWire India): Verlinvest, an international, family-backed evergreen investment company, announced its entry into India's ... ...