Unaprime Healthcare Buys Majority Stake in Lokmanya Hospitals

As part of the transaction, Unaprime acquired Tata Healthcare Fund’s 43.5% stake along with the remaining shares from other investors, raising its total holding to 84.5% through an INR 140 Cr investment.

Unaprime Healthcare has acquired an 84.5% stake in Pune-based Lokmanya Hospitals, a healthcare chain recognized for its advancements in robotic surgery and orthopaedics.

The acquisition is part of Unaprime’s plan to transform Lokmanya into a multi-speciality and quaternary care network, with centers of excellence spanning orthopaedics, neurosciences, cardiac sciences, cancer care, trauma, and critical care.

Unaprime Healthcare is a Special Purpose Vehicle (SPV) created by Unaprime Investment Advisors, a healthcare-focused investment firm led by Deep Mishra.

The firm is backed by domestic limited partners and family offices, including Dr K. Ravindranath of Global Hospitals and healthcare transformation specialist Manpreet Sohal.

As part of the transaction, Unaprime acquired Tata Healthcare Fund’s 43.5% stake along with the remaining shares from other investors, raising its total holding to 84.5% through an INR 140 Cr investment.

The firm also plans to invest an additional INR 80-100 Cr to support Lokmanya’s expansion.

Mishra said the objective is to grow the hospital’s revenues nearly fourfold to INR 400 Cr and lift EBITDA from breakeven to INR 100 Cr through the expansion.

Dr Narendra Vaidya, chairman and chief joint replacement surgeon at Lokmanya Hospitals, said there was a need to collaborate with investors to evolve into a multi-speciality institution, stating that there is little future for nursing homes and individually doctor-run hospitals.

Manpreet Sohal, Managing Director and Group CEO of Lokmanya, said the hospital group aims to increase its capacity from 300 to 800 beds across four hospitals in Pune, with plans to expand into other key cities in Maharashtra. The network will also establish surgical collaborations in Mumbai and Kolhapur.

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