Bangalore: ICICI Venture has made an equity investment of $24 million via Iven Medicare in Vikram Hospital (VHPL) for a substantial stake. The investment will enable the Mysore-based Vikram Hospital to establish a pan Karnataka footprint. Iven Medicare, the health arm of ICICI Venture, will assist VHPL, a family-owned business, to expand its current infrastructure by offering dedicated support in key areas like Medical Informatics, quality and accreditation, HR practices, commercial and technology among others. ICICI Venture has created a $250 million fund kitty for infusing in 11 such deals.
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