New Delhi, April 23 -- Billionaire Azim Premji's investment firm Premji Invest has invested an undisclosed sum in NewEra Hospitals to scale the multispecialty hospital chain across Maharashtra, the firm announced on Thursday.

The capital from Premji Invest will be used to launch three new hospitals in Nagpur, expanding capacity to 800 beds from 350. NewEra Hospitals currently has two hospitals in Nagpur and one hospital in Navi Mumbai. The aim is to deepen access to quaternary care across the region.

"Structural gaps in India's healthcare delivery system persist," Prakash Chellam, partner and head of healthcare and life sciences at Premji Invest, said in a release. According to Chellam, Nagpur needs better medical facilities and more ho...