In a significant development, Hyderabad Institute of Oncology Private Limited, popularly known as Omega Hospitals, has secured ₹500 crore in its first private equity fundraising from Morgan Stanley Private Equity Asia. This investment underscores Omega Hospitals' stature as India’s second-largest cancer-focused hospital chain, boasting 10 hospitals across multiple cities with a 1,400-bed capacity.

Dr. Mohan Vamsy, the internationally acclaimed oncologist and Managing Director of Omega Hospitals, expressed his enthusiasm about the partnership. “We are excited to build Omega Hospitals into India’s largest cancer care chain in the next few years. The partnership with Morgan Stanley PE Asia will help accelerate our mission to deliver high-quality, full-service cancer care offerings in India amid the rising incidence of cancer in recent years,” Dr. Vamsy stated. He further elaborated that the capital will facilitate the expansion of their footprint across Telangana, Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, Madhya Pradesh, and West Bengal.

On this momentous occasion, Group President, Haragovind highlighted the strategic growth plans. “The plan is to grow the business through a combination of organic expansion and inorganic acquisitions across the markets. The funding from Morgan Stanley will catalyze our growth plans and help establish a leadership position in cancer care,” he remarked

This infusion of capital from Morgan Stanley is poised to bolster Omega Hospitals' mission of providing comprehensive cancer care, enabling them to meet the increasing demand for specialized oncology services across India.