ISIS Medicare & Research Centre has proposed to invest Rs 200 crore to expand into 12 cities over the next five years.

For the purpose, the company is planning to raise Rs 100 crore from private equity firms (PE) to finance its expansion plan. The first three units will be internally funded. It is already in talks with two PE firms for the purpose.

Recently, the company opened a new hospital in Bangalore with an investment of Rs 15 crore.

It will use the hub-and-spoke model in Karnataka and will later open facilities in Delhi, Hyderabad, Chennai, Kolkata and other major cities. Each centre will have 30-40 beds and ISIS plans to have over 400 beds across the 12 centres in the country. The second and third units of ISIS Medicare will come up at Bangalore's Whitefield area and Indiranagar in the next 18 months. Subsequently, ISIS will expand to other cities.