Hindujas to make $1 bn foray into India's healthcare industry

Sunday, 28 January 2007, 06:00 Hrs
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Davos: The Hinduja Group is making a $1 billion foray into India's commercial healthcare industry with specialty hospitals in several cities and a modern research center, a senior member of the Europe-based family said.

"We already have a charitable hospital in Mumbai. This will be a commercial venture with hospitals in cities like Ahmedabad, Bangalore, Chennai, Hyderabad and Pune," Prakash P. Hinduja said.

"We will be investing $1 billion in this project. The finer details of the new venture are being worked out," Hinduja said so on the margins of the annual meeting of the World Economic Forum (WEF) here.

According to officials of the Europe-based group of the famous businessmen brothers, the Hindujas' foray into India's booming commercial healthcare will be at three levels. At the top will be a research and knowledge center that will have highly specialized people involved in clinical research and diagnostics.

The second level involves hospitals at various cities followed by daycare centers at smaller towns that will provide only outpatient service there but make referrals to the hospital network as and when required.

"The P.D. Hinduja National Hospital and Medical Research Center in Mumbai is internationally acclaimed with best services. We want to replicate that in the commercial healthcare space," Hinduja said.

The multi-specialty hospital, with over 350 beds, also has a medical research center in collaboration with the Massachusetts General Hospital in Boston and the same model will be considered for the new venture, officials said.

In tertiary healthcare, the hospital chain will offer services that will cover investigation and diagnosis to therapy, surgery and post-operative care, the officials added.
Source: IANS
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