The CARE Hospitals on Tuesday announced the acquisition of a 250-bedded hospital at hi-tech city with an investment of nearly Rs. 200 crore, a statement said.
The new hospital, which is not yet functional, will be made operational from scratch and will offer medical services in cardiology, neurosciences, renal, oncology and will have an organ transplantation programme. The acquisition of the new hospital was funded by an equity investment from CARE’s key shareholder, global private equity firm Advent International.
The new hospital, which is located near the Cyberabad Commissionerate office, would be made operational by this December, hospitals officials said.
“This acquisition will further enhance our clinical offerings and help deepen our services in several specialities,” founder and Chairman, CARE Hospitals, Dr. B. Soma Raju in the statement said.
According to CEO, CARE, Dilip Jose, the new acquisition is aimed at providing beds in a key location that is witnessing high demand for quality medical care.
