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Paras Healthcare raises Rs 275 cr from Creador

Press Trust of India  |  New Delhi 

Paras Healthcare today said it has raised Rs 275 crore from an affiliate of Creador LLP to fund the company's growth and expansion plans.

Paras operates three specialised care or tertiary hospitals and two mother and child care hospitals.

The company's managing director Dharminder Nagar said: "With Creador's support we aim to make our vision of envisaging a healthcare revolution in North a reality."

Today some of the oldest cities in North have the weakest healthcare infrastructure, he added.

Creador Advisors LLP Managing Partner Anand Narayan said that in a landscape where 70 per cent of healthcare costs are currently paid out of pocket, the vision and operational aspects of Paras Healthcare are relevant.

"We are certain that this association shall be fundamental in the evolving landscape of Indian healthcare," he said.

Avendus Capital was the financial advisor for this and Khaitan & Co was the legal counsel.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 14:48 IST