Mumbai/ Pune: ICICI Ventures, the private equity arm of ICICI Bank, has decided to put in Rs 140 crore in Pune-based Sahyadri Hospitals. The investment will be routed through IVEN Medicare, a special purpose vehicle floated by ICICI Ventures to manage its investments in the healthcare sector. At present, Sahyadri Hospitals runs a 250-bed super speciality hospital, two secondary care hospitals and one clinic in Pune.
Sahyadri Hospitals plans to develop a network of hospitals and care centres to reach 1,000 beds in one year and 3,000 beds in three years with an investment of about Rs 500 crore. The company will look at setting up new hospitals, taking over existing ones as well as working with social organisations to reach the intended capacity.
Sahyadri Hospitals plans to develop a network of hospitals and care centres to reach 1,000 beds in one year and 3,000 beds in three years with an investment of about Rs 500 crore. The company will look at setting up new hospitals, taking over existing ones as well as working with social organisations to reach the intended capacity.
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