Livewell Healthcare plans to establish a 120-bedded facility in Cyberabad, Hyderabad, and a bigger hospital in the Republic of Guinea, Africa.
Reportedly, the two projects entail a total investment of Rs 55 crores. The Hyderabad-based company has obtained private equity funding from Exhilway Global Opportunities Private Equity Fund, informed AMV Sai Kumar, Chairman & CEO, Livewell Healthcare.
The US-based fund has key focus on India and Africa-based buyout investment opportunities. It intends to provide Rs 12 crores of the Rs 25-crore project in Hyderabad. The promoters, Sai Kumar Adapa and Uday Kumar Rachakonda, will raise the balance.
The speciality hospital situated in Madhapur is expected to be operational in the next couple of months, said Sai Kumar.The African hospital is being established in Conakry, the capital of Guinea, which is also the business hub.
The Government of Guinea has offered the Jean Paul II hospital which has 250 beds.
EH News Bureau
