Sparsh Hospitals Plans Big Expansion with New Hospitals and R&D Center, Eyes Fundraising by 2026

Sparsh Group of Hospitals, a hospital chain based in Bengaluru, is preparing for growth by investing in new hospitals and an R&D center. Founded by orthopedic surgeon Dr. Sharan Shivaraj Patil, Sparsh is considering raising funds through either an initial public offering (IPO) or by selling shares to private equity firms once these investments are complete.

Dr. Patil mentioned that they plan to begin the fundraising process by the last quarter of fiscal year 2026 (January-March). Despite the healthcare sector attracting a lot of private equity (PE) investments, Sparsh has so far avoided taking that route, prioritizing independence and growth at their own pace. However, Dr. Patil acknowledged that private equity could accelerate their expansion.

Currently, the company is profitable and debt-free, though it plans to take on some debt to support its ongoing projects. Sparsh is investing ₹350-400 crore to build two new hospitals in North and East Bengaluru, which will add 550 beds to its capacity. These hospitals are expected to be operational within the next 4-6 months.

In addition, Sparsh will invest around ₹150 crore in a new research and development (R&D) center aimed at innovation. Notably, they’ve launched India’s first advanced 3D printing lab for custom implants and prosthetics. They’re also working on reducing the time for joint-replacement surgeries, hoping to turn them into day procedures rather than the current 2-2.5 day stay.