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ECG through telephone from U.S. for Indians
Wednesday, 28 May 2003, 19:30 IST
NEW YORK: American Healthcare, a tele-medicine venture promoted by New York businessman Khushjit 'Kooks' Ahluwalia, proposes to list its common stock on Indian bourses over the next eight months after a 
1 billion issue.
The company, which will provide consultancy from established doctors of Indian origin in the U.S. to patients in India via ISDN lines and V-Sat terminals at hospitals, will first go for a private placement of equity worth 250 million, Ahluwalia told IANS.
"Punjab Venture Capital Limited, which is a venture fund of the Punjab government, has a 24 percent equity in our company. As we expand, we will need the funds to set up the infrastructure for telemedicine," he said.
For this, the company has collaborations with HeartCare Corp. and Hughes Network Systems of the U.S. and Aerotel of Israel, he said.
American Healthcare, Ahluwalia said, will also promote a new technology in India through which patients can get their electrocardiogram (ECG) examined through telephone.
"This will be of particular use in remote areas where patients can get immediate attention of doctors which is vital for heart ailments," Ahluwalia said.
"For transmitting your heart beat all you will need is a telephone, and a monitor. No heavy machines, no doctors. A technician can tell you about the heart condition in two-three minutes. It is all a part of telemedicine.
Ahluwalia said the equipment was currently exported to India, but his company intended to manufacture the same at its facility in Mohali, Punjab, soon.
"We already have orders from 25 healthcare companies for telemedicine centres. Our aim is to provide guaranteed cardiac monitoring service 24 hours a day, seven days a week, through our facilities all over India."
According to the company website, www.heartcareindia.com, transtelephonic cardiac monitors cost 9,000 for a basic model, with leasing options also made available.
Talking about his other projects in India, Ahluwalia said he has been extended a contract by the Punjab government to connect 18 district headquarters in the state with the Chief Minister's Office.
Source: IANS
1 billion issue.
The company, which will provide consultancy from established doctors of Indian origin in the U.S. to patients in India via ISDN lines and V-Sat terminals at hospitals, will first go for a private placement of equity worth 250 million, Ahluwalia told IANS.
"Punjab Venture Capital Limited, which is a venture fund of the Punjab government, has a 24 percent equity in our company. As we expand, we will need the funds to set up the infrastructure for telemedicine," he said.
For this, the company has collaborations with HeartCare Corp. and Hughes Network Systems of the U.S. and Aerotel of Israel, he said.
American Healthcare, Ahluwalia said, will also promote a new technology in India through which patients can get their electrocardiogram (ECG) examined through telephone.
"This will be of particular use in remote areas where patients can get immediate attention of doctors which is vital for heart ailments," Ahluwalia said.
"For transmitting your heart beat all you will need is a telephone, and a monitor. No heavy machines, no doctors. A technician can tell you about the heart condition in two-three minutes. It is all a part of telemedicine.
Ahluwalia said the equipment was currently exported to India, but his company intended to manufacture the same at its facility in Mohali, Punjab, soon.
"We already have orders from 25 healthcare companies for telemedicine centres. Our aim is to provide guaranteed cardiac monitoring service 24 hours a day, seven days a week, through our facilities all over India."
According to the company website, www.heartcareindia.com, transtelephonic cardiac monitors cost 9,000 for a basic model, with leasing options also made available.
Talking about his other projects in India, Ahluwalia said he has been extended a contract by the Punjab government to connect 18 district headquarters in the state with the Chief Minister's Office.
Source: IANS