Mumbai: Hospital operator Paras Healthcare has raised $42 million (approximately Rs275 crore) from private equity (PE) fund Creador to finance expansion, a top company executive said. Founded in 2006, Gurgaon-based Paras Healthcare has 730 beds across hospitals in Delhi NCR, Bihar, Chandigarh and Panchkula, near Chandigarh. This is the first external equity fund-raise for Paras,” Paras Healthcare founder and managing director Dharminder Nagar said. “North India constitutes 60% of the country’s population but unfortunately, it only constitutes 40% of healthcare provision... Paras Healthcare wants to deliver accessible, affordable and quality healthcare, said Nagar, adding these attributes are missing to some extent even in metro cities.

Source: Mint July 16, 2017 18:11 UTC