HYDERABAD: Ankura Hospitals, a Hyderabad-based super-specialty tertiary and quaternary care services provider, has secured a funding of Rs 165 crore from the Asian Development Bank (ADB).
Prior to this round, the hospital chain had raised $17.8 million with the largest round so far being the $8.31 million it raised in July 2019 from private equity player InvAscent.
Ankura said the strategic investment will support its ambitious expansion plans and is aligned with its long-term vision to strengthen its market presence and enhance healthcare accessibility across India.
As part of its expansion strategy, Ankura Hospitals is focused on establishing new state-of-the-art facilities in key cities across India.
Ankura Hospitals founder & managing director Dr Krishna Prasad Vunnam said the significant financial support from the ADB would allow the hospital chain to enhance its pediatric, maternity and gynecology services, expand its facilities, and reach more families.
The chain has over 1500 beds across 14 hospitals in states such as Telangana, Andhra Pradesh, Maharashtra and Odisha.
The hospital chain specialises in providing care in maternity and gynecology, offering services such as normal deliveries, cesarean sections, fertility treatments, high-risk obstetrics, and comprehensive prenatal and postnatal care. It also has advanced surgical solutions in gynecology, including laparoscopic surgeries and treatment for various gynecological conditions.
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