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International Oncology to get Rs 20 crores from RVCF

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Rajasthan Venture Capital Fund (RVCF) has invested Rs 20 crores in International Oncology Services Pvt Ltd (IOSPL), a super speciality cancer care company for an undisclosed equity stake.

International Oncology has established comprehensive cancer care centres (known as International Oncology Centre) equipped with modern technology at Fortis Hospital, Noida and Dr L H Hiranandani Hospital, Mumbai. The company has marked several cities in India to set up cancer care centres to make cancer care more accessible to the masses. The next two centres are expected to open in Rajasthan and Punjab shortly.

“The oncology sector is currently witnessing a huge gap in terms of incidence of cancer in the country and limited quality cancer care facilities to treat the same. While the incidence of cancer is increasing at an alarming rate in India; the country faces large limitations in terms of lack of technical specialisation and trained personnel. India has few public sector cancer centres, some central establishment and limited private sector participation. IOSPL, through its specialised cancer care centres, is set to address this burgeoning demand in India” said Rajendra Bhanawat, Chairman of RVCF.

Pradeep K Jaisingh, CEO and MD of IOSPL said, “After setting up comprehensive cancer centres in NCR and Mumbai, we are in the process of taking world class cancer care to several other states of India and Rajasthan is a special focus area for us. This investment by RVCF will help IOSPL carry out its immediate expansion plans and we are delighted to have their support.”

EH News Bureau

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