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Moolchand Healthcare has announced an investment of Rs 500 crore for the expansion and acquisition of new hospitals. Out of the total funding, Rs 100 crore is being raised from venture capital fund Sequoia Capital.
The fresh capital will also be used to set up new green field hospitals, apart from the development of new healthcare service verticals - fertility, diagnostics and renal care.
Mr Shravan Talwar, CEO, Moolchand Healthcare said, “India's demographics and changing disease profiles coupled with supply side bed capacity deficits and nascent healthcare service markets offer significant opportunities for innovative, high quality institutions."
South Delhi’s Moolchand Medcity is expanding its current campus to over 1,000 beds and six specialty hospitals, the company said. In the first phase, 400 additional beds will be commissioned by 2014.
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