GIC picks up minority stake in Vasan Healthcare

Vasan Healthcare, which runs a chain of eye and dental clinics, today received a $100 million funding from the Government of Singapore Investment Corporation (GIC) for network expansion. GIC has picked up a minority stake in the company and thus joined other private equity investors like Sequoia Capital and Westbridge Capital, the company said in a statement here. Click here for Cloud Computing Also Read Related Stories News Now - ONGC's insurance premiums likely to rise 15-20% - Devangshu Datta: Primary principles - VBSOFT partners with Toronto firm for disk encryption - Earthquake jolts Delhi, other states - Making the right connection - Digicable plans to set up 500-channel head-end The investment will help Vasan expand its network of eye hospitals from its current 102 and its dental hospitals from the present 14 centres through a mix of organic as well as inorganic routes, it said. Incorporated in 2002, Vasan employs 600 ophthalmologists and over 140 dentists as part of its over 6,000 employees.