Mumbai, Jan 4 (PTI) 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.

Also Read | RPF Recruitment 2024: Notification Released For 2,250 Constable and SI Posts; Know Age Limit, Educational Qualification and Other Details.

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

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)