Medway Hospitals raises $5-M led by Kyra Ventures

Chennai-based Medway Hospitals has raised USD 5 million in the first round of institutional equity funding led by Kyra Ventures with participation from family offices. Nova Capital Advisors acted as advisors in the transaction.Medway Hospitals operates eight multi-multispeciality hospitals in Tamil Nadu and Andhra Pradesh, providing services in critical care, orthopaedics, neurology, nephrology, neurosurgery, organ transplantation, pulmonology and urology. It has a dedicated unit for treating cardiovascular diseases (CVD). The chain has around 500 beds.