ICICI Ventures is going to make Rs 140 crore investment 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 intends to create 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 Rs500 crore. The expansion will initially be around Pune extending to Navi Mumbai, western Maharashtra, Marathwada and the rest of Maharashtra in that order.
At present, Sahyadri Hospitals runs a 250-bed super speciality hospital, two secondary care hospitals and one clinic in Pune. Sahyadri Hospitals intends to create 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 Rs500 crore. The expansion will initially be around Pune extending to Navi Mumbai, western Maharashtra, Marathwada and the rest of Maharashtra in that order.
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