PROJECT

Projects

Summary of Investment Information

Project Number

46672

Company Name

WELLSPRING HEALTHCARE PRIVATE LIMITED

Date SPI Disclosed

Aug 10, 2023

Country

India

Region

South Asia

Projected Board Date

Sep 12, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 11, 2023

Department

CM4C1 - Regional Industry - MAS Asia & Pac/Consumer and Social Services - ASIA

Industry

Health, Education and Life Sciences

Previous Events

Approved : Sep 12, 2022
Signed : Jan 3, 2023
Invested : Jan 26, 2023

Sector

Hospitals and Clinics

Project Description

Wellspring Healthcare Private Limited (“Healthspring” or the “Company”), founded in 2010 and headquartered in Mumbai, India, is a  provider of primary care services to individuals as well as managed care services to corporates’ employees and industrial workers at production sites. Currently, Healthspring operates 17 primary care clinics in Mumbai and Pune, and 133 operational health clinics across India.

The Company is currently in the process of raising equity capital. Proceeds from the capital raise will be used to (i) set up new clinics for occupational and corporate health; (ii) make training and technology upgrades; (iii) acquire other local clinics; and (iv) purchase secondary shares from existing shareholders (the “Project”).

Associated Advisory Engagement

IFC is exploring an advisory services opportunity to support the Company with the design and implementation of corporate initiatives to increase gender inclusiveness.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation