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Moolchand Healthcare unveils Rs 500 cr expansion plan

Moolchand Healthcare has also raised Rs 100 crore from leading venture capital fund Sequoia Capital

Press Trust of India  |  Mumbai 

Moolchand Ltd, a part of the Moolchand Group, today announced the company's plans to invest Rs 500 crore for further growth in services.

Funding will be deployed towards expansion of Moolchand Hospital in Delhi, new green field hospitals, acquisition of existing hospitals and development of new service verticals-- fertility, diagnostics and renal care, a company statement said here.

has also raised Rs 100 crore from leading venture capital fund Sequoia Capital, it said.

Moolchand Medcity, a landmark in South Delhi, is expanding its current campus to become amongst India's largest multi-speciality hospitals with 1,000 plus beds and six speciality hospitals. It intends to redefine the healthcare experience in India with a focus on best practices and academics.


In the first phase 400 additional beds will be commissioned by 2014, the statement said.

"We at truly believe in our legacy of touching people's lives through compassionate healthcare and affordable excellence," CEO Shravan Talwar said.

First Published: Fri, May 11 2012. 16:51 IST
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