Chicago, IL, July 19, 2017 –(PR.com)– International investment banking firm, Madison Street Capital (MSC), acted as the exclusive advisor to Prithvi Group and its subsidiary Kuber Khanij Pvt, Ltd. (“Prithvi”) to facilitate the establishment of a new hospital in collaboration with the Henry Ford Health System based in Detroit, Michigan (HFHS). Through the collaboration with Henry Ford Health Systems, one of the leading healthcare providers in the United States, Prithvi will launch a Henry Ford Licensed Hospital in Guwahati, India. The transaction was announced today by Charles Botchway, CEO of Madison Street Capital. The transaction was led by Madison Street Capital Senior Managing Director Jaydip Sinha.
Mr. Jaydip Sinha, Senior Managing Director and head of India operations for Madison Street Capital, has made improving the quality of healthcare in India a key part of his focus.
To further this goal, Madison Street Capital has worked closely with Sam Circle Ventures, USA, whose partners are US University and healthcare systems looking to monetize their R&D to develop customized solutions for India. The innovative products and services developed through these solutions are commercialized with identified delivery partners in India to create ventures for scale and sustainability.
The objective of this venture development model is to bring sustainable community and economic development model for rapid urbanization of India. This will be achieved through a comprehensive economic development model around hospital and education institutions to attract private investments, hi tech development, economic activities and enhanced physical environment. “This is the second transaction we have advised on involving HFHS in the last year. Helping our client establish working relationships with first in class providers from around the world is critical in moving the needle as it relates to healthcare in this country,” according to Sinha. “We have several more collaborative ventures in the pipeline and we look forward to our continuing relationship with the Prithvi Group and HFHS.”
“The agreement is for the licensing, construction and management of a world class 600 bed hospital in Guwahati that will cater to entire north-east India region. The synergy created between the business operations knowledge of Prithvi group in the north east and high level medical practices of HFHS will satisfy the demand supply gap in health services of the region,” said Bijoy Garodia, Chairman of the Prithvi Group. “This agreement is the result of the hard work and resilience of the Indian team of Chicago based investment bank Madison Street Capital led by Jaydip Sinha. The people of India in general and the people of North East will be benefited greatly by the introduction and operation of a global health system by HFHS and Prithvi because of Madison Street Capital’s efforts,” Garodia concluded.
About Madison Street Capital, LLC
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards.
About Henry Ford Health System
Founded in 1915 by auto pioneer Henry Ford, Henry Ford Health System is now one of America’s leading health care providers. It is comprised of hospitals, medical centers and one of America’s largest physician group practices, the Henry Ford Medical Group, which includes more than 1,200 physicians practicing in over 40 specialties. The System’s flagship, Henry Ford Hospital in Detroit, is a Level 1 Trauma Center recognized for clinical excellence in cardiology, cardiovascular surgery, neurology and neurosurgery, orthopedics, sports medicine, multi-organ transplants and cancer treatment. In 2011 Henry Ford Health System was named a Malcolm Baldrige National Quality Award recipient – America’s highest honor for innovation and performance excellence.
For more information please visit www.henryford.com
About Prithvi Group
Prithvi Group is a major business conglomerate headquartered in Kolkata, India with its operations spread across India, Nigeria, Ghana, Kenya and Dubai. With its origin being the North-Eastern part of India, Prithvi Group has slowly but steadily established its footprint in sectors like Cement, Iron & Steel, Ferro Alloys, Power, Mining, Agriculture, Real Estate, Trading, etc. thus boasting of a long and fruitful track record of quality and business ethics.
For more information please visit www.prithvigroup.net
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