Paras Hospital raises Rs 275 cr for further expansion

Gurgaon, July 20, 2017: Gurgaon-based healthcare services provider Paras Healthcare today said it has raised Rs 275 crore through an affiliate of Creador III LP (Creador) for its growth and expansion.

Commenting on the fund received Dharminder Nagar, Managing Director of Paras Healthcare said, “Each hospital of Paras aims at being a community player by empowering the common man, the middle class, with access to specialised care at locations that has limited or no specialised healthcare facilities. Our endeavours in Bihar illustrate our ideation. Paras Healthcare today is the largest healthcare provider delivering comprehensive multi super specialty care in Bihar and our hospital in Darbhanga is the only super specialty corporate hospital in the Mithila region. With Creador’s support we aim to make our vision of envisaging a healthcare revolution in North India a reality.”

In the current financial year, the medical services provider is stated to commission two units – 220 bedded tertiary care hospitals with comprehensive cancer care -Paras Hospitals at Panchkula and a 50 bedded Mother and Child Care Centre, Paras Bliss at Noida.

Anand Narayan, Managing Partner Creador Advisors India LLP said, “We are certain that this association shall be fundamental in the evolving landscape of Indian healthcare. Moreover their presence in Bihar already elucidates their aim and execution capabilities of providing quality super specialty medical care even in the hinterlands of the country. We look forward to assist Paras in their next phase of growth.”

Paras Healthcare presently has two divisions– Paras Hospitals at Gurgaon, Patna and Darbhanga, providing specialised tertiary care and Paras Bliss at Panchkula and New Delhi, providing specialised Mother & Child Care.

United News of India