Enam Holdings Private Ltd. of India Completes Minority Equity Investment in Omega Healthcare
BANGALORE, INDIA — April 28, 2008 – Omega Healthcare (“Omega”), a leading healthcare business and knowledge process outsourcing provider in India, is pleased to announce the completion of a minority equity investment by Enam Holdings Private Ltd. (“Enam”). The capital invested by Enam will be used to support an accelerated expansion of Omega’s India operations and for general working capital purposes.
Omega Co-Founder and Executive Vice President Anurag Mehta said, “We are excited to add another strong business partner to our team and believe this investment reflects Omega’s significant historical accomplishments and its prospects for continued strong growth in the years ahead. We look forward to working closely with HealthEdge and Enam and leveraging their relationships to further enhance our position as an outsourcing provider serving the U.S. healthcare sector.”
Mr. Vishal Kedia, Head of Emerging Business at Enam, said, “Enam is investing in Omega primarily due to the value creation opportunities in this space. We have found Omega to be the premier player in the offshore healthcare BPO/KPO space and are excited to make this investment in such a rapidly growing enterprise.”
HealthEdge Investment Partners is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.
About Omega Healthcare
Omega Healthcare is one the premier offshore providers of medical coding, billing, accounts receivable management, claims processing, and healthcare revenue management services to U.S. medical billing companies. Omega has extensive experience in providing services in a variety of hospital-based and office-based physician specialties. The Company, with offices in Bangalore and Chennai, India, was founded in 2003 and currently has over 1,300 employees.
Enam is a full service financial services group headquartered in Mumbai, India. Enam is a leader in Investment Banking (capital markets, M&A, private equity and corporate finance advisory services); Institutional Broking (broking services in Indian equities to Indian and Global Institutional Investors); Equity Research (research coverage on Indian equities and macro investment environment); Primary Markets distribution (investment products to high net worth individuals and retail investors); private banking & wealth management (to corporates and high networth Individuals) and insurance broking (to corporates and individuals).
For more information, please contact Brian Anderson at HealthEdge Investment Partners at (813) 490-7100, or Anurag Mehta at Omega Healthcare at (412) 580-8714.