New Hospitals Coming Up as Ambuja Neotia Group Pours ₹1,800 Cr into Healthcare Expansion.

The Ambuja Neotia Group, a prominent conglomerate based in Kolkata, is significantly expanding its healthcare footprint with the development of seven new healthcare facilities over the next three to four years. This ambitious expansion plan involves an investment in the range of ₹1,600 to ₹1,800 crore and includes the establishment of new hospitals in Guwahati and Raipur.

The healthcare arm of the group, Ambuja Neotia Healthcare Venture, is strategically pursuing growth opportunities, both organic and inorganic. The company has expressed openness to potential acquisitions in the mother and child care as well as multispecialty segments, indicating a comprehensive approach to strengthening its presence in the healthcare sector.

The funding for these seven new projects is primarily being managed through a combination of the group's internal accruals and bank debt. Looking ahead, Ambuja Neotia Healthcare Venture may also consider raising capital from private equity firms to facilitate larger acquisitions, should suitable assets that align with the company's overall growth strategy become available. This multi-pronged funding approach underscores the group's commitment to its healthcare expansion plans and its readiness to seize strategic opportunities in the market.