Rhea Healthcare plans 10 more Motherhood centres

Plans to double its revenues this year

Rhea Healthcare Private Limited, a Bangalore-based birthing and women healthcare chain, is planning to open seven to 10 centres across the country under its Motherhood brand by the end of the 2014 calendar.

“Each of the proposed centres, with 40-50 beds, typically entails an investment of between Rs 15 crore and Rs 18 crore,” Mohammed Rehan Sayeed, executive director of Rhea Healthcare, told Business Standard.

The company has already opened a women healthcare and birth care centre each in Chennai and Bangalore through a mix of debt and equity.

It recently opened its third centre in Hyderabad, utilising a part of the Rs 85 crore that it had raised in a first round of funding from  Hyderabad-based private equity fund Peepul Capital in March this year.  

The company is planning to establish a centre of excellence (CoE) in Bangalore shortly, according to him.

“The 50,000-sft CoE will focus on setting standards of clinical excellence, devising new procedures and identifying better and early diagnosis of some diseases,” he said, adding the company had garnered revenues of Rs 20 crore last year and was expecting to double it this financial year.