By August 2024, the hospital is set to open 250 beds in Gorakhpur, followed by 450 beds in Kanpur in January 2025, and 350 beds in Varanasi in January 2026
Regency Healthcare has announced a strategic investment of Rs 450 crore from Norwest Venture Partners. With this substantial infusion of capital, Regency Healthcare is set to fortify its presence in Uttar Pradesh’s healthcare landscape, planning to increase its bed capacity to 2400 by 2026.
The strategic investment will lead to a substantial expansion of Regency’s infrastructure and services, directly benefiting the people of UP. By August 2024, the hospital is set to open 250 beds in Gorakhpur, followed by 450 beds in Kanpur in January 2025, and 350 beds in Varanasi in January 2026. Regency is also actively exploring opportunities in Bareilly and Agra.
Abhishek Kapoor, Executive Director, Regency Healthcare, mentions “We’re thrilled to partner with Norwest Venture Partners on this transformative journey. 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.”
Dr Atul Kapoor, Managing Director, Regency Healthcare, highlighted, “This investment is a testament to the trust and belief that Norwest Venture Partners has placed in us. We are dedicated to revolutionizing healthcare delivery in Uttar Pradesh, and this capital infusion will be instrumental in achieving our vision. Our upcoming multi-specialty tertiary hospitals, including those in Gorakhpur, Kanpur, and Varanasi, are poised to set new benchmarks in healthcare excellence.”
Shiv Chaudhary, Managing Director, Norwest India, expressed his confidence in the partnership, stating, “We are very excited to back Regency, the leader in Uttar Pradesh which is India’s largest healthcare market by population. Regency shares our commitment to elevating healthcare standards and driving positive societal change. With Uttar Pradesh emerging as an economic powerhouse, the potential for impactful investments is immense. This collaboration is a significant step towards realising Regency’s growth aspirations and redefining healthcare benchmarks that will positively impact the lives of Uttar Pradesh’s residents.”
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