Rainbow Children's Medicare Ltd opens new 60 beds spoke hospital at Himayat Nagar, Hyderabad

Rainbow Children's Medicare Limited (RCML), India's leading pediatric multi-specialty hospital chain announced the commencement of its latest hospital, with 60 beds, at Central Hyderabad, Himayat Nagar, Hyderabad. This is Rainbow's 8th hospital in Hyderabad and is strategically located in the densely populated and commercially important area of central Hyderabad. This will further strengthen company's presence with combined 890 beds in the city. The new hospital has been envisaged as a spoke hospital and will form an important part of the Rainbow's Hub and Spoke network in Hyderabad. This hospital will provide comprehensive pediatric and obstetricsservices, which includes consultant led 24X7 emergency care in pediatrics and obstetrics, outpatient services and level 3 neonatal and pediatric intensive care services.

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 beds in 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 and Managing Director, Rainbow Children's Medicare Limited (RCML) said, "We are extremely happy to present this modern facility, which will provide excellent medical care for women and children in densely populated area of central Hyderabad. This hospital is meticulously designed with careful segregated area for women and children to provide high quality 24X7 consultant led services. I am sure this addition will further augment our hub and spoke model to provide wider coverage and better access to the city. This hospital will become an important spoke hospital to complement our Hub hospital at Banjara Hills, which is already ranked as a premier hospital for pediatrics in the city of Hyderabad and only pediatrics' hospital in country to receive JCI accreditation."

Shares of Rainbow Childrens Medicare Limited was last trading in BSE at Rs. 1202.30 as compared to the previous close of Rs. 1204.35. The total number of shares traded during the day was 2211 in over 399 trades.

The stock hit an intraday high of Rs. 1219.25 and intraday low of 1191.85. The net turnover during the day was Rs. 2655541.00.

Source : Equity Bulls

Keywords

RainbowChildrensMedicare INE961O01016 Hospital SpokeHospital 60Beds HimayatNagar Hyderabad