Gurgaon-based healthcare provider Paras Healthcare has raised Rs 275 crore to focus on strengthening its footprint in North India.
The fund was raised through the private equity firm Creador and will be used by the North India-focused healthcare chain to achieve its expansion plans and supporting the existing units for capacity expansion.
In this financial year, Paras Healthcare is expected to commission a 220-bedded tertiary care hospital with comprehensive cancer care at Panchkula and a 50-bedded mother and child care centre, Paras Bliss at Noida.
The healthcare provider aims to add over 1,000 beds through a mix of new greenfield, leased and acquired hospitals.
“Access to quality healthcare services is the right of every Indian. Paras Healthcare has always envisioned itself to be a contributor in the changing landscape of healthcare in North India and work on the present healthcare divide, where 70 per cent of the doctors and hospitals are located in metropolitan cities catering to only 30 per cent of the population,” said Dr Dharminder Nagar, Managing Director of Paras Healthcare.
“In a landscape where 70 per cent of healthcare costs are currently paid out of pocket, the vision and operational aspects of Paras Healthcare are relevant. We are certain that this association shall be fundamental in the evolving landscape of Indian healthcare,” said Anand Narayan, Managing Partner Creador Advisors India LLP.