New Delhi: Paras Healthcare is planning to double the bed capacity in the next three to four years, a top company official said.
The healthcare provider has 730 operating beds across five hospitals.
When asked how the company plans to fund the expansion, Nagar said: “This will be mainly through equity which we have raised. We plan to follow an asset light model but are also open to other models.”
The company had raised USD 42 million (around Rs 275 crore) in July 2017 from private equity firm Creador to fund growth and expansion plans.
“My focus has always been to serve the middle class and to manage the quality and be cost effective,” he added.
Founded in 2006, Paras Healthcare has five hospitals, one each in Gurgaon, Patna, Darbhanga, Panchkula and in East of Kailash in New Delhi.
Panchkula and New Delhi hospitals are called Paras Bliss.