Medway Hospitals raises USD 5 million

PTI | Mumbai | Updated: 04-01-2024 17:15 IST | Created: 04-01-2024 17:12 IST
Medway Hospitals raises USD 5 million
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Medway Hospitals secured its first round of institutional equity funding of USD 5 million from a round led by Kyra Ventures, and family offices. The Chennai-based multi-specialty hospital chain Medway operates eight facilities with 500 beds in Tamil Nadu and Seemandhra, with each unit having around 50-100 beds.

This investment will help accelerate expansion plans and reach 1,000 beds by 2026, its Chairman Dr T Palaniappan said on Thursday.

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