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Rainbow Children Medicare has entered into a 60-year lease agreement with the Andhra Pradesh Capital Region Development

ICICIdirect Research 01 Oct 2026 DISCLAIMER

News: Rainbow Children Medicare has entered into a 60-year lease agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA) for approximately 2 acres of land in Amaravati, Andhra Pradesh. The leased land will be used to develop a 250-bed super-speciality children’s hospital and perinatal care facility. The project will be developed in a phased manner. 

View:  This new development adds up to the earlier bed addition projects for Rainbow. This will add another 250 beds to its expansion plans totalling ~1410+ beds in the next 3-4 years from the current capacity of 2,435 beds. This new hospital in Amravati is expected to strengthen its hub-and-spoke network in Andhra Pradesh. 

Impact: Positive

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