Paras Healthcare raises Rs 275 crore

Dr Dharminder Nagar

Paras Healthcare has raised Rs 275 crore through an affiliate of Creador III LP (Creador). The North India focused healthcare chain has associated with the private equity firm to raise long- term investments forgrowth and expansion. With this capital, the 730 beds strong Paras Healthcare aims at achieving its expansion plans and supporting the existing units for capacity expansion.

Paras Healthcare presently has two divisions– Paras Hospitals at Gurgaon, Patna and Darbhanga, providing specialised tertiary care and Paras Bliss at Panchkula and New Delhi, providing specialised mother and child care.

According to Dr Dharminder Nagar, managing director, Paras Healthcare, “Paras Healthcare has always envisioned itself to be a contributor in the changing landscape of healthcare in North India and work on the healthcare divide present where 70% of the doctors and hospitals are located in metropolitan cities catering to only 30% of the population. With Creador’s support, we aim to make our vision of envisaging a healthcare revolution in North India a reality.”

In this financial year, Paras Healthcare is stated to commission two units – 220 bed tertiary care hospital with comprehensive cancer care -Paras Hospitals at Panchkula and a 50-bed mother and child care centre, Paras Bliss at Noida. The healthcare provider aims to add over 1,000 beds presently through a mix of new greenfield, leased and acquisitions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s