Rainbow Children’s Medicare to inject Rs 900 crore in adding 1000 beds by 2027

Rainbow Children’s Medicare, a childcare player based in Hyderabad, plans to invest Rs 900 crore to add over 1,000 beds in the next four years. The expansion will increase its total number of beds to over 2,600 across nine cities by 2027. The company will fund the expansion through internal accruals and the remaining proceeds from its IPO. The expansion will include new hospitals in Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, and Delhi NCR.