India, Sept. 12 -- Marengo Asia Hospitals, a scaled multi-specialty hospital platform delivering advanced care to India's fast-growing regions, has raised $40 million in growth capital from LeapFrog Investments, the pioneering profit-with-purpose investment firm. The investment will support Marengo's expansion and deepen access to quality specialist healthcare across India's Tier I and Tier II cities.

Established in 2021, Marengo Asia Hospitals has grown through a focused buy-and-build strategy, acquiring established regional hospitals and strengthening their clinical and operating capabilities.

The company operates five hospitals in India and has a strategic partnership in Saudi Arabia, with approximately 2,000 beds, serving more than ...