Sabine Hospital and Research Centre has secured $50 million in a funding round led by mid-market private equity firm CX Partners, per an announcement on Tuesday.

Singapore-based Tanas Capital, a growth-stage private equity firm, is part of the investor consortium, the hospital chain said in a statement.

“CX Partners and the consortium of investors share our vision of making high-end fertility, birthing and neonatal care affordable and accessible to the most remote towns of India. The investment of $50 million validates our strong clinical fundamentals, business practices and also recognised the immense need for better fertility, mother and childcare in India,” said Dr. Sivadasan Sabine, Founder and Chairman of Sabine Hospital & Research Centre.

CX Partners works in the healthcare, financial services, consumer products and services and IT/outsourced service. The firm boasts of a portfolio of 29 companies and $1 billion worth of assets under management across its funds and co-investors.

“While upholding the utmost ethical standards and clinical excellence, the organisation has demonstrated remarkable growth, with a CAGR of 25% over the last three years. We see the potential in further expanding Sabine Hospitals to adjacent markets, drawing upon our experience investing in healthcare, attracting high quality professional leadership, and putting in place systems to manage growth,” said Vivek Chhachhi, Managing Partner, CX Partners.

Incorporated in 2016, Sabine Hospital and Research Centre operates 300 beds including 60 NICU beds across two facilities in Kerala. The hospital offers mother & child healthcare services including IVF and other fertility treatments, birthing, newborn care and other gynaecological procedures.

The hospital chain claims to be conducting more than 6,000 IVF cycles and 3,000 deliveries every year, and attracting patients from Maldives, Oman and Bangladesh besides Kerala.