Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 21 2017

Regency Healthcare plans to expand 1,500 beds across 10 facilities by 2019

This month, it started working on a 125-bed dedicated oncology hospital and will begin a multi-specialty unit next month.

Based in Kanpur, Regency Healthcare, a multi-super specialty, renal and oncology chain, is targeting to raise about $14 million from a conglomerate of leading global funds IFC, KOIS and HealthQuad. The three have taken a significant minority stake of about 20-30% in the chain.

Regency manages 500 beds across five facilities and is being valued around Rs 300 crore. At an investment of about Rs 350 crore, it is targeting to expand 1,500 beds across 10 facilities in central and eastern Uttar Pradesh in the next two years.

Regency has two strategic joint ventures with Fresenius Medical Care, Germany, for setting up a dialysis chain and with Healthcare Global (HCG) for oncology hospitals.

This month, it started working on a 125-bed dedicated oncology hospital and will begin a multi-specialty unit next month.

Dr Atul Kapoor, Director,Regency Healthcare, said, “Our effort to grow quality healthcare business in Uttar Pradesh has received a much-needed boost from this investment. Regency will make an investment of in excess of Rs 350 crore.”

HealthQuad is a healthcare focus venture capital fund. It was started by Amit Varma and Abrar Mir, sponsors of Quadria Capital.

Varma said, “Regency represents a unique opportunity to improve access to care across a trusted hospital network in Uttar Pradesh. The thrust to provide best infrastructure and technology at an affordable price point will deliver the much needed benefit and outcomes to all the stakeholders.”

Comment
Related opportunities
  • Other Vocational Training
    Started in 2006, Indian Institute of Computer Science (IICS) is..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Furniture Works
    About Us: Stellar, a unit of Hi-Life Traders Pvt. Ltd, is..
    Locations looking for expansion West bengal
    Establishment year 1996
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
  • Robotics & Technical Training
    About Us : We would like to introduce ourselves as an..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Curious Kids” is the brain child of the management..
    Locations looking for expansion Telangana
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities