Premji Invest Acquires Stake in NewEra Hospitals to Enhance Healthcare Capacity in Maharashtra
Premji Invest takes stake in NewEra Hospitals to expand capacity, strengthen advanced care network
The Economic TimesImage: The Economic Times
Premji Invest has invested in NewEra Hospitals, a multispecialty hospital platform in Maharashtra, India, aiming to expand its capacity to 800 beds from the current 350. The investment will enhance access to advanced medical care, including neurosciences and cardiology, particularly in Nagpur and Navi Mumbai.
- 01Premji Invest's investment will help NewEra Hospitals expand to 800 beds.
- 02NewEra Hospitals currently operates three hospitals with a total of 350 beds.
- 03The expansion includes plans for three additional hospitals in Nagpur.
- 04The investment aims to improve access to high-complexity medical care in Maharashtra.
- 05NewEra Hospitals employs over 250 doctors across more than 30 specialties.
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Premji Invest announced an investment in NewEra Hospitals, a Maharashtra-based multispecialty hospital platform, to support its expansion from 350 beds to 800 beds. Currently operating three hospitals in Nagpur and Navi Mumbai, NewEra plans to add three more hospitals in Nagpur. This investment aims to enhance access to advanced medical care, focusing on specialties such as neurosciences, organ transplants, and cardiology. Prakash Chellam, a partner at Premji Invest, highlighted the need for improved healthcare infrastructure in Nagpur, emphasizing the importance of the partnership in addressing structural gaps in India's healthcare delivery system. Nidheesh Mishra, cofounder of NewEra Hospitals, expressed confidence that this collaboration will enable faster scaling and deeper impact across Maharashtra. The platform currently operates with over 250 doctors and consultants across more than 30 specialties.
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The expansion of NewEra Hospitals will significantly improve access to specialized healthcare services in Nagpur and surrounding areas, addressing the existing gaps in healthcare infrastructure.
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