Norwest Venture Partners invests ₹450 crore in Regency Health

Regency Health has received an investment of ₹450 crore from Norwest Venture Partners.

According to the company, this funding will help drive its plan to increase the bed capacity to 2,300 by 2027.

Regency Health operates super-specialty hospitals in Kanpur, Lucknow, and surrounding cities and rural areas in Uttar Pradesh. The healthcare player, which has been in existence for close to three decades now, said it will use the investment to fund further expansion across the state.

“This investment will significantly enhance our infrastructure and services, directly benefiting the people of UP. Our unwavering ‘From UP For UP’ ethos aligns seamlessly with our mission to serve the people of Uttar Pradesh,” said Abhishek Kapoor, CEO, Regency Health

By August 2024, the hospital is set to open a 250-bed facility in Gorakhpur, followed by another 450-bed unit in Kanpur in January 2025, a 350-bed unit in Varanasi in January 2026, and another 375-bed unit in Lucknow by February 2027, Regency said in a press release.

The company is also looking at other cities for expansion.

“Our upcoming multi-specialty tertiary hospitals, including those in Gorakhpur, Kanpur, and Varanasi, are poised to set new benchmarks in healthcare excellence,” said Dr Atul Kapoor, Chairman and Managing Director.
MB Bureau