![General Atlantic To Acquire Amar Ujala-Backed Healthcare Brand Ujala Cygnus General Atlantic To Acquire Amar Ujala-Backed Healthcare Brand Ujala Cygnus](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqGjg4Bp9nCKNTwiVpu4Rk0LqLh81I9CzHSflO3Ro9uBJKz5wMd63XEV3zSosCwcS3fYQNSg_g48kT-JsQDEHEwrO6l-Z87YwQrP2de2qxMG8ll72qQCoNQGWO2au5RZcz91fvkiXKClfoJMjA6-Tu9EzgKZlIZnhhGVS474_yVPwnULflBCrkaBIbO_A/s16000-rw/ujala_cygnus.jpg)
The investment will see General Atlantic acquire a significant majority stake in Ujala Cygnus, with the company's early investors making a full exit. The financial details of the transaction have not been disclosed, but it is reported that General Atlantic will acquire about 51% of Ujala Cygnus for ₹1,600 crore.
Ujala Cygnus operates with a high-volume, low-cost model and is the first hospital in India to adopt the Indian government’s initiative of Aayushman Bharat Yojana.
With this acquisition, Ujala Cygnus' early investors — Eight Roads Ventures, Somerset Indus Capital, and Evolvence Capital, have made a full exit, reaffirming the company’s growth and track record of creating value for shareholders and investors.
This move is expected to further Ujala Cygnus's mission of providing affordable healthcare services and improving healthcare access in underserved regions of Northern India.
In 2019, popular media firm Amar Ujala acquired a majority stake in Cygnus Medicare, which operated a chain of super specialty hospitals. Following the acquisition, two hospitals from Ujala Healthcare, part of the Amar Ujala Group, were merged with Cygnus Medicare. This merger led to the formation of Ujala Cygnus, which has since expanded its network of hospitals, particularly in Northern India, serving tier 2 and tier 3 cities.
With the backing of General Atlantic and existing shareholder Amar Ujala, and under the leadership of Management Directors Mr. Probal Ghosal and Dr. Shuchin Bajaj, Ujala Cygnus aims to further amplify its reach and advance its vision of providing affordable healthcare services in Northern India.
Ujala Cygnus plans to use the investment from General Atlantic to upgrade clinical and civil infrastructure across the Ujala Cygnus network and to augment comprehensive care capabilities across key specialties in each of the markets it serves. In addition, the investment from General Atlantic will enable Ujala Cygnus to deliver on its mission to ensure improved healthcare access in underserved regions and to support healthcare professionals seeking to serve closer to their roots through expansion of its network across Northern India.
In addition to the investment from General Atlantic, Ujala Cygnus recently secured term loan facilities from Asian Development Bank, signifying further commitment and validation of its model from global development agencies.
EY India was the sole financial advisor for Ujala Cygnus on this transaction.
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