30
Sep
Mumbai: Somerset Indus Capital Partners has announced its complete exit from Apex Hospitals, a multispecialty hospital group in Rajasthan. The investment firm reported a fourfold return on its investment, marking the first exit from Somerset Fund II. Somerset invested in Apex in May 2019. Since then, the hospital group has tripled its revenue and recorded more than a fourfold increase in EBITDA, according to the announcement. Apex also doubled its workforce during this period, expanding its presence in Rajasthan. The private equity firm said it supported Apex in initiatives such as the launch of telehealth and e-ICU platforms to extend…