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Sparsh Hospitals plans expansion with Rs 400 crore investment

Infrastructure  -  Oct 21,2024  - 

The Sparsh Group of Hospitals plans to drive expansion by investing Rs 350-400 crore in two new hospitals in Bengaluru.

The investment is for setting up two new hospitals in North and East of Bengaluru with a combined capacity of 550 beds.

These will be ready for commercial operations in four to six months. It will also spend up to Rs 150 crore to set up an R&D centre, for innovation and improvements in processes and systems.

Besides, it has launched India's first advanced on-site 3D printing lab for customised implants and prosthetics.

The Bengaluru-based regional hospital chain promoted by orthopaedic surgeon Sharan Shivaraj Patil, is considering raising funds through equity, and is also working on making joint-replacement surgeries day care, from the current turnaround of 2.0-2.5 days. It would start the process for fundraising in the last quarter (January-March) of 2026.

 

Company : The Sparsh Group