Somerset Indus Capital Partners on Tuesday announced its full divestment from Apex Hospitals, a multispecialty hospital group in Rajasthan to PE-firm InvAscent for Rs 265 crore.

Somerset said the exit, which marks the first from Somerset Fund II, delivered a 4x return and a fourfold increase in EBITDA, reflecting the firm’s strategy of backing scalable platforms in underserved markets.

Somerset’s investment in Apex began in May 2019, during which the hospital group tripled its revenue and doubled its workforce, expanding access to quality healthcare across Tier 2 and Tier 3 cities in Rajasthan. The firm played an active role in shaping Apex’s strategic direction, helping launch tele-health and E-ICU platforms to extend critical care services to remote regions.

It also supported the deve

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