The three giants- Samara Capital, Havells Family Investment Office, and Godrej Family Investment Office have founded Marengo Asia Healthcare. This platform will operate as a multispecialty hospital chain.
The platform will pivot on devising clinical partnerships to generate global expertise and intensify the patient experience. A team of professionals will oversee the forum led by Dr Raajiv Singhal, who has over 25 years of international healthcare experience.
"The platform commits to deploy a sizable pool of capital in investing and partnering with hospitals in India. Marengo Asia Healthcare stands committed to bringing in the highest level of ESG standards and making a positive difference in the healthcare sector," remarked Abhishek Kabra, managing director, Samara Capital.
Samara Capital is an India-focused investment firm. Since its beginning in 2007, it has invested over $1.5 billion across multiple investments in companies crossing consumer products and retail, healthcare and pharma, business services and banking & financial services. Samara Capital's few investments in the healthcare sector are incorporated with Thyrocare, AIG Hospital and Sahajanand Medical Technologies.
Dr Raajiv Singhal, founding member & managing director, Marengo Asia Healthcare, stated, "Our endeavour is to create a platform with 'Patient First' approach in which all decisions are taken keeping the patient in the centre while bringing the latest medical and technological advances to the patient. Marengo Asia Healthcare will be a preferred place of working for all professionals, both medical and non-medical, who are committed to the principle of 'Patient First'."
An alumnus of the Armed Forces Medical College (AFMC), Pune, with comprehensive experience of over 25 years in the healthcare industry, Singhal has overseen renowned hospitals like Fortis Escorts Heart Institute Delhi, Care Group of hospitals Hyderabad and worked with one-billion-dollar impact investing arising market PE fund focused on Asia and African markets. He has assisted on boards of hospitals across Asia/Africa, India, Bangladesh and South Africa.