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Hyderabad-based transitional healthcare services provider SuVitas, which launched its first centre here, has said it would raise $15-20 million (Rs 100-130 crore) for its expansion into other metros.
“We are looking at raising the required capital in two tranches. In the next six months, we are looking at raising Rs 30-40 crore from various venture capitalists and private equity players,” said SuVitas founder and director Sateesh Andra.
The post hospitalisation rehabilitation services provider aims to expand to 15 centres in various metros, including Bengaluru, Chennai, Pune, Mumbai and Delhi, in the next two years. In the next two-three years, it plans to operate 1,000 beds, with each centre equipped with 60-75 hospital beds.
According to SuVitas, the post surgery rehabilitation care in India is still in nascent stages, and there is an immediate requirement of 80,000 beds in the country. On the contrary, Andra said in the US, as against the 100,000 critical care hospital beds, there were 800,000 transitional care beds.
Explaining the need for greater number of post rehabilitation centres in the country, Andra said most of the patients required round-the-clock supervision and other kinds of rejuvenating therapies from physiotherapists, psychologists and wellness experts to accelerate the recovery.
SuVitas is banking on patient referrals from multi-specialty hospitals and senior citizens of non-resident Indians to start with. It also expects demand for its services from foreign nationals traveling India for medical treatment.
