New Delhi, July 1 -- Dinesh Madhavan, who scaled oncology verticals for Apollo Hospitals Enterprise Ltd and HealthCare Global Enterprises Ltd, on Wednesday launched a new healthcare network that aims to disrupt India's corporate hospital model by giving doctors and nurses equity stakes in the parent company.

The Bengaluru-based venture, named Magnet Hospitals, has debuted with an initial portfolio of eight city hospitals. The platform is backed by an initial investment of Rs.224 crore, funded by Madhavan as the primary investor, clinician partners, two high-net-worth individuals, and a family office.

"To me, the next three-four months would be stabilizing, consolidating current (operations). After that, there will be an expansion span f...