For its expansion, Narayana Healthcare, a Bangalore based healthcare service provider, is planning to raise $40 mn from PE investors. The company has expansion plans in other countries as well as in the west and northern part of India. Narayana Hrudayala, part of the Narayana Halthcare had raised Rs 200 crore each from AIG (now PineBridge) and JP Morgan in 2008 giving them a combined 25 per cent stake in the hospital chain.    

The PE investment may be raised from its existing investors or a new investor may come in as the the lock-in period of JP Morgan ceased on February 2011.    

Narayana Healthcare, works on a low-cost high-volume business model, offering super-specialty tertiary care facilities across areas of specialisation including cardiac surgery, cardiology, gastroenterology, vascular, endovascular services, nephrology, urology, neurology, neurosurgery, paediatrics, obstetrics & gynaecology, psychiatry, diabetes, endocrinology, cosmetic surgery and rehabilitation, solid organ transplants for kidney, liver, heart and bone marrow transplant as well as general medicine.