Promoters of Mumbai-based Lilavati Hospital are in talks with private equity investors and pension funds for its proposed Rs 4,000-crore pan-India expansion plan. The plan involves setting up five to six multi-specialty hospitals over the next five years. Lilavati Hospital will fund the expansion through internal accruals and is also exploring options with investors, including PE investors, pension funds, and donors. Lilavati Foundation, a separate entity, will oversee the expansion. Lilavati Hospital will retain the controlling stake. The hospital is looking at both greenfield and brownfield hospitals as part of its expansion strategy. Lilavati aims to add 3,000 hospital beds with this expansion. Lilavati Hospital is already setting up a 300-bed multi-specialty greenfield hospital in GIFT City, Gujarat, with an investment of Rs 300 crore. The hospital is expected to open by the end of 2025. Lilavati is also considering opening hospitals in Dharamshala, Noida, Pune, Bengaluru, and Guwahati. The hospital is also looking to expand its Lilavati Hospital & Research Centre in Mumbai by adding a 150-bed oncology block. Pharmacy chain expansion is also part of Lilavati’s plan, with a goal to launch 500 stores across India in the next five years with an investment of ?200 crore. Lilavati Hospital in Mumbai will remain a public charitable trust. The first store of the pharmacy chain was launched in Ahmedabad in September last year. The pharmacy expansion will be done through company-owned pharmacies and franchisees.