Chennai, Oct 5 (PTI) Emergency health care provider, CIPACA on Wednesday announced its partnership with major financial service providers in the country to generate funding of Rs 1,000 crore to support the growth of hospitals located in rural areas.

The Chennai Interventional Pulmonology and Critical Care Associates (CIPACA) in a statement here said the collaboration with financial service providers is the first of many such tie-ups it was planning to forge in the coming months.

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"The objective is to create a funding corpus to the tune of Rs 1,000 crore to support the expansion of infrastructure and operations of hospitals in the hinterlands of the country," CIPACA Managing Director, Dr Raja Amarnath said in the statement.

"As these hospitals face challenges in getting funds to improve their infrastructure, we as part of our rural ICU mission aim to help these health institutions grow to the next level," he said.

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CIPACA has footprint across nine states through partnerships with hospitals in small towns and rural areas and has been providing 24x7 emergency and intensive care unit services to critically-ill patients, the statement added.

(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)