Rainbow Children's Medicare opens 55-beds spoke hospital at OMR, Chennai

Rainbow Children's Medicare Limited (RCML/Company), India's leading, pediatric multispecialty and obstetrics & gynecology children's care hospital chain, announced the inauguration of its latest 55 bed spoke hospital at OMR (Sholinganallur), Chennai, Tamil Nadu.

With today's development the Company is initiating its hub-and-spoke model of Hyderabad and Bengaluru at Chennai. The hospital located at OMR (Sholinganallur), has been envisaged as a spoke hospital and will serve to strengthen the presence of Rainbow in Chennai. This hospital will provide comprehensive pediatric and obstetrics services which includes consultant led 24x7 emergency care in pediatrics and obstetrics, outpatient services and level 3 NICU services. The hospital will transfer all complex patients requiring tertiary and quaternary care treatment to the Hub hospital at Guindy thereby emphasizing the multi-disciplinary and collaborative team approach of the RCML brand.

RCML is working constantly to improve its service offering to achieve its goal of providing quality pediatric healthcare across cities. The Company intends to add 1,000 beds in its target cities of Hyderabad, Bengaluru, Chennai, National Capital Region and Tier-2 cities of Andhra Pradesh and Tamil Nadu over the next 5 years.

Commenting on the development, Dr. Ramesh Kancharla, Chairman & Managing Director, Rainbow Children's Medicare Limited (RCML) said: "With the addition of our new spoke hospital at OMR, Chennai, Rainbow Children's hospital has initiated the hub-andspoke model at Chennai for children and women. In keeping with the brand ethos, the facility has been designed with child centric environment and soothing interiors to make it appealing to children. This hospital will provide comprehensive pediatric and obstetrics services and complement our Hub hospital at Guindy, which has already been ranked as a premier hospital for pediatrics in the city of Chennai."

Shares of Rainbow Childrens Medicare Limited was last trading in BSE at Rs. 620.30 as compared to the previous close of Rs. 600.40. The total number of shares traded during the day was 45703 in over 4114 trades.

The stock hit an intraday high of Rs. 626.15 and intraday low of 596.00. The net turnover during the day was Rs. 28306579.00.

Source : Equity Bulls

Keywords

RainbowChildrensMedicare INE961O01016 Hospital SpokeHospital OMR Sholinganallur Chennai TamilNadu