Cygnus Medicare Private Limited backed by a United States based private equity firm General Atlantic, has entered into a strategic partnership with Amandeep Healthcare Private Limited, marking a significant milestone in its expansion and entry into the Punjab healthcare market. Backed by Ujala Cygnus’ strategic partners and shareholders, Amar Ujala group and General Atlantic, Ujala Cygnus has acquired a significant stake in Amandeep Healthcare Private Limited. Through this alliance, Ujala Cygnus will bring institutional scale, technology, and operational expertise to complement Amandeep Hospitals deep rooted clinical excellence, regional trust, and a legacy of compassionate care. With this alliance, Ujala Cygnus expands its network from 22 to 28 hospitals, increasing its total bed capacity from 2,000 beds to nearly 2,800 beds.
Ujala Cygnus becomes the largest private player in the Jammu and Kashmir state with a total of 400 beds across Jammu and Srinagar. Amandeep Hospitals, a trusted name in North India, continues to uphold its mission of accessible and equitable healthcare. This shared vision is rooted in the support of the Amar Ujala Group and further strengthened by General Atlantic which entered into a strategic partnership with Ujala Cygnus, backing it with strategic growth investment in April, 2024.
Our deal team comprised of Lead Partner, Siddharth Mody, Partner, Anurag Shrivastav, Senior Associate, Tanmayee Sahoo and Associate, Gavin Pereira.
Our diligence team comprised of Partner, Anurag Shrivastav, Associates, Ayush Chaturvedi, Gavin Pereira and Regan D’Mello.
Media Coverage – Business Standard
Anurag is part of the Corporate practice group of JSA, with more than 12 years of post-qualification experience. He specializes in M&A, private equity transactions and general corporate advisory.