Unaprime Healthcare LLP has acquired an 84.5% stake in Lokmanya Hospitals, a Pune-based hospital chain known for its pioneering work in robotic surgery and orthopaedics. Unaprime plans to transform Lokmanya Hospitals into an advanced multi-speciality and quaternary care network featuring centres of excellence in orthopaedics, neurosciences, cardiac sciences, cancer care, trauma, and critical care.
Unaprime Healthcare LLP is a Special Purpose Vehicle (SPV) established by Unaprime Investment Advisors, a healthcare-focused investment firm founded by Deep Mishra. The firm is supported by domestic limited partners, family offices, including Dr K. Ravindranath of Global Hospitals and Manpreet Sohal, a healthcare transformation expert.
Unaprime successfully acquired Tata Healthcare Fund’s 43.5% stake and the remaining stakes from existing shareholders, bringing its total ownership to 84.5% through an investment of Rs 140 crore. Additionally, the firm plans to invest another Rs 80-100 crore to facilitate the hospital’s expansion. Mishra has stated that the goal is to nearly quadruple revenues to Rs 400 crore and increase EBITDA from breakeven to Rs 100 crore as part of this expansion.
Lokmanya Hospitals, which has been operating for 50 years, introduced robotic-assisted joint replacement surgery to India. Dr Narendra Vaidya, chairman and chief joint replacement surgeon at Lokmanya Hospitals, highlighted the need to partner with investors to evolve into a multi-speciality hospital, noting that there is little future for nursing homes and individually doctor-run hospitals.
Manpreet Sohal, managing director and Group CEO of Lokmanya, said they will expand the number of hospital beds from 300 to 800 across four hospitals in Pune, with future expansions planned for key cities in Maharashtra. The network will also establish surgical partnerships in Mumbai and Kolhapur.
