Rainbow Children's Medicare Ltd commences a new 100 bed hospital at Financial District, Hyderabad, Telangana

Rainbow Children's Medicare Limited (RCML), India's leading pediatric multi‐specialty hospital chain announced the commencement of its latest hospital at Financial District, Hyderabad. This is Rainbow's 7th hospital in Hyderabad and is strategically located in the rapidly growing financial district of Hyderabad. With this development the company is further strengthening its presence and reaching a cumulative bed strength of 830 beds in Hyderabad. The new hospital has been envisaged as a large spoke hospital and will form an important part of the Rainbow network in Hyderabad. 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 neonatal and pediatric intensive care services. The hospital will complement the services offered at the Hub hospital at Banjara Hills, Hyderabad.

RCML is working incessantly to strengthen its service offerings to achieve its goal of providing quality pediatric healthcare across cities. The company's plan to add 1000 bedsin the cities of Hyderabad, Bengaluru, Chennai, National Capital Region and Tier‐2 cities of Andhra Pradesh and Tamil Nadu over the next 5 years remains on track.

Commenting on the development, Dr. Ramesh Kancharla, Chairman & Managing Director, Rainbow Children's Medicare Limited (RCML) said, "With the addition of our 7th hospital at Financial District, Rainbow Children's hospital has strengthened its presence in Hyderabad. The hospital will further augment our hub and spoke model to offer superior care 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 the service offerings of our Hub hospital at Banjara Hills, which is already ranked as a premier hospital for pediatrics in the city of Hyderabad."

Shares of Rainbow Childrens Medicare Limited was last trading in BSE at Rs. 740.80 as compared to the previous close of Rs. 727.40. The total number of shares traded during the day was 2695 in over 513 trades.

The stock hit an intraday high of Rs. 752.00 and intraday low of 706.00. The net turnover during the day was Rs. 1977214.00.

Source : Equity Bulls

Keywords

RainbowChildrensMedicare INE961O01016 MultiSpecialtyHospitalChain Hyderabad NewHospital