Rainbow Hospitals gets Rs.100 crore funding from CDC, Abraaj Group

Rainbow Hospital

5188   Pre Project Activities Underway 100 Crore

Project Information

Organization Name
Rainbow Hospital
Project Title
Rainbow Hospitals gets Rs.100 crore funding from CDC, Abraaj Group
Project Detail
CDC, the UK Government-owned development finance institution, and Abraaj Group, private equity investor has announced Rs 100 crore investments in Andhra Pradesh-based Rainbow Hospitals. Chairman and Managing Director of Rainbow Hospitals, Mr. Ramesh Kancharla said, “Raibow Hospitals, a 450-bed paediatric and maternity healthcare business in AP, intends to expand with new hospitals in Bangalore, Chennai, Pune and tier two cities like Visakhapatnam and Kurnool”. With this investment the hospital will develop high-quality medical facilities. CDC will invest $1 billion in India over the next four to five years in financial services, healthcare, renewable energy and consumer related businesses.
Project Value
100 Crore
Project Status
Pre Project Activities Underway
Project State
Andhra Pradesh
Country
India
Sector
Healthcare

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