Paras Healthcare raises Rs 275 crore
The group aims at achieving its expansion plans and supporting the existing units for capacity expansion
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.