Rainbow Children’s To Buy 76% In Prashanthi Medicare, Expand Telangana Presence

Rainbow Children’s Medicare Ltd. on Saturday said it will acquire a 76% stake in Prashanthi Medicare Pvt. Ltd. for ₹248.5 million and invest another ₹77.5 million via non-convertible redeemable preference shares, valuing the deal at ₹326 million. The acquisition is expected to close within 30 days.

Prashanthi Medicare is a 100-bed NABH-accredited hospital known for its services in obstetrics, gynaecology, neonatology, paediatrics, and minimally invasive surgery. With this acquisition, Rainbow's total bed capacity will rise to 2,035 across 20 hospitals in seven cities.

The Telangana-based hospital will be rebranded as 'Rainbow Children’s Hospital' for paediatrics and 'Prashanthi with Birthright' for women's care. It will serve as a regional hub within Rainbow’s hub-and-spoke model, aligned to its Hyderabad flagship for advanced tertiary and quaternary care.